The issue of the introduction of new environmental friendly and economical fuels to the everyday energy-consuming human activities is controversial and imperative. The recent European legislation, relative to the introduction of biofuels at local and national levels, is conformed to the above direction. Additionally, the above proposal implementation would be successfully materialized by exploiting the Renewable Energy Sources, which are abundant in the Greek context. The present study is driven to the wider implementation of biofuels, by applying High-Heating-Valued woodfuels that are mainly cultivated in the Northern Greece context. The examined parameters include the "High Heating Values", the densities, the annual total production and the annual proportional allocation of the available woodfuels. Specifically, the examined woodfuel types are abundant both in the Northern Greek region, as well as in the nearby Balkan regions – due to the proximity of their geo morphological and climatic conditions. The study has focused on the Greek woodfuel production over the examined period 2004 – 2007, whereas the experimental process is adjusted to the qualitative woodfuels information gathering from the nearby Balkan countries, through potential Scenarios implementation. The outcoming results are supported by the investigation of the relevant energy demand among the proposed projects, thus resulting in the projects‘ materialization via the optimum environmental, economic and socioeconomic conditions‘ evaluation. Especially, the main environmental conditions of energy production and distribution include the presentation of the main categories of impact of pollution in local, regional and global levels. Furthermore, the economic conditions include the description of the dominated streams of financial costs and benefits which form the cornerstone of each energy project economic evaluation. The economic consideration includes the investigation of key-role of economic factors, such as the net present value (NPV), the opportunity costs, the internal rate of return (IRR) and the externalities, supporting the final decision of any future energy project‘s proposal. Finally, the critical comparison between the above environmental, economic and socioeconomic parameters reveals the significant determining parameters of the scenarios prosperity and profitability.