Cork-based firm launches on AIM
Cork-based renewable energy company Kedco debuted on London's alternative investment market (AIM) yesterday.
Kedco, which is backed by a farmers’ investment vehicle Farmer Business Development, entered the market with an initial capitalisation of Euro 34.9m.
Chief executive Donal Buckley, who founded the company in 2005 with three other directors, expressed his hope that the company would weather the economic downturn.
He said: “We’re in a sector that’s been least affected by the effects of the credit crunch on the stock markets.
“Our project pipeline is very much based in the UK and we believe it’s important to be a regulated stock market-quoted company.”
The company lists its main function as helping companies convert waste into clean energy.
It has expertise in the areas of dry fermentation, gasification, biomass heating, combined heat and power units, domestic wood pellet boilers and solar panels.
Kedco works in both the domestic and industrial markets.
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