As a large European private forest owner, the size and geographical location of the assets provide the Company with potential to develop new business opportunities, such as renewable energy installations

In addition to the above-mentioned types of renewable energy currently being explored, wood is a versatile and renewable resource that can play a meaningful role in meeting our energy needs. When wood is burned for energy, the carbon dioxide released is taken up by growing trees, creating a closed carbon cycle. This means that the use of wood for energy can result in lower greenhouse gas emissions compared to the use of fossil fuels. There are several ways in which wood can be used as a fuel source. One common method is through the use of wood pellets, which are compressed sawdust and other wood waste. These pellets can be burned in specially designed boilers to produce heat for homes, businesses, and industrial processes. At GreenGold we believe that renewable energy is key to a sustainable future. We are committed to working with local communities and government agencies to ensure that potential renewable energy projects are developed in a responsible and sustainable manner.