Coal Energy plans EUR 1.23 million investment in Spanish forestry and biomass project

• Coal Energy plans an initial EUR 1.23 million investment in forestry and biomass operations in Spain under its 2026-2028 strategy.
• New subsidiary Ecoforge Energy was established on October 22, 2026, to develop the project.
• Target annual harvesting and sales total 227,000 cubic meters of wood products, with first revenue expected in the first half of 2027.
• A later phase would add a sawmill and pellet production line to expand processing capacity.
• The group is also negotiating its first engineering and consulting contracts in Central Asia as it shifts toward an asset-light model.

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