Green Energy, an investment of Ferry Energy Ltd (a subsidiary of the Spanish holding Ferry Group), is encouraged by the Government of Valencian Region and is included in a special Action Plan, published by the European Commission. The investment is the first of its kind in Bulgaria and is broadly supported by renewable energy experts.
In 2007, the project received from InvestBulgaria Agency a 1st-class certificate for Green Energy investment. The project includes growing trees for biomass production and processing vegetal by-products for receiving ecological fuel to be used in thermo power plants.
The manufacturing activity will be organized in the region of the town of Trun; some other regions have been currently explored too. Fast-growing trees of the Paulownia genus, suitable for biomass production, will be grown.