Proactive Investors - Run By Investors For Investors

Kedco plans three wind farm developments in NW Ireland

Kedco plans three wind farm developments in NW Ireland


Renewable energy group Kedco (LON:KED)  has signed a co-development agreement for three wind farm projects in the North West of Ireland, with a total potential capacity of up to 30 megawatts (MW).

Under the deal, which was signed by recent acquisition Reforce, Kedco will fund all associated pre-construction development costs related to the projects in return for 50% of each project.

Planning submission for each project will be submitted by the end of 2013 under the terms of the agreement.

Gerry Madden, Kedco’s chief executive said: “Ireland has one of the best wind resources in Europe making it a very attractive location for the development of wind energy projects and there is the exciting prospect of a potential export market for this renewable energy to the UK.”

"The addition of the three projects complements Kedco's existing pipeline and  the company is currently considering similar opportunities which will further establish a balanced portfolio of projects across various renewable technologies."

Kedco completed the acquisition of Reforce last month as part of a strategy to build a pipeline of at least 300MW of renewable energy.

Last week, the company announced a 25MW Londonderry biomass project and 4MW extension to a project Newry Project and together with today’s deal it had 125MW of projects currently in progress.


Philip Whiterow
January 21 2013 Philip Whiterow

Register here to be notified of future REAC Company articles


September 12 2014

Related Articles

January 29

Investigation is to "clear the air" over how joint venture with local groups was set up said chief executive.

November 28 2014

A lot has changed for fuel cell specialist Ceres Power that de-risks the proposition. However, you would never guess this from the share price, which has barely changed in the 12 months since Proactive Investors last spoke to chief executive Phil Caldwell.

June 10
Camco is on the verge of something pretty significant, according to its broker finnCap, as it aims to become a world leader in large-scale liquid energy storage

© Proactive Investors 2015