Maxim Power Building Plant in Germany

The plant is expected to cost $20 million and will be capable of processing 100,000 tonnes of agricultural wastes a year, the Calgary company announced. Construction is slated to begin later this year and the power produced will be sold to a local German utility under the country's renewable energy laws.

"Europe continues to offer Maxim numerous attractive project development and acquisition opportunities in cogeneration and renewable energy," John Bobenic, Maxim's president and chief executive, said in a release.

Based in Calgary, Maxim currently owns and operates 59 megawatts of generating capacity in Canada, Europe and Asia and has more than 100 megawatts of electricity generation under evaluation and development.