Background

Founded in 1966, Swiss Krono is a leading global wood manufacturing group specialised in floor, construction materials, and interior design products.
Swiss Krono launched a competitive process to design, build, finance and operate for 23 years (21 years of operation), a new 64MW biomass boiler on its French production site (located in Sully-sur-Loire – 140 km south of Paris) to provide Swiss Krono with thermal fluids / heat for its industrial activities.

The Project is part of a larger investment plan undertaken by Swiss Krono to upgrade one of the plant’s manufacturing lines, expand the total capacity of the factory, and reduce their carbon footprint by replacing the current gas-powered units.
This project offers a great opportunity to enter the industry decarbonisation segment with a flagship European partner, by using biomass energy instead of gas.
Meridiam achieved financial close of the project in June 2022.

Stage:

Financial Close

ESG/SDG Key Facts
The Project Company is carrying out an initiative to promote biodiversity (UN SDG 15) on the Swiss Krono site, in partnership with the Biodiversio association, and with the support of the Meridiam’s endowment fund. This will notably involve the creation of an access to a humid, biodiversity-rich area. Additional trees will be planted, information panels and observation booths will be added to improve the site’s engagement with the community and employees, and the association will monitor the evolution of biodiversity on the site.