Kedco makes debut on AIM
Kedco has raised €16 million in funding since it was established in 2005, and is now backed by Farmer Business Developments which acquired a 25 percent stake in the company earlier this year.
The stock admission price has been set at 17.5 cents per share.
Located in Cork, Kedco specialises in providing electrical power from sustainable fuel sources throughout the UK and Ireland.
CEO Donal Buckley said the company's presence on the AIM would raise its profile among new and existing customers, enhancing revenue generating opportunities.
"Our AIM listing will also give us access to international capital markets which will provide additional support as we look to build and expand our business," he added.
Amazon's renewable energy projects surpass 200 milestone
Amazon claims it is now Europe's largest corporate buyer of renewable energy as its projects surpassed 200 globally.
Broken down, it has 136 solar rooftops on facilities and stores and 71 utility-scale wind and solar projects, nine of which were announced today covering the US, Canada, Spain, Sweden and UK. They include:
First solar project paired with energy storage Based in California’s Imperial Valley, Amazon’s first solar project paired with energy storage allows the company to align solar generation with the greatest demand. The project generates 100MW of solar energy, and includes 70MW storage.
It now has more than 2.5 GW of renewable energy capacity, enough to power more than two million European homes a year, and aims to power all its activities with renewables by 2025 and net zero by 2040.
Amazon and Global Optimism co-founded The Climate Pledge in 2019, a commit ment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. The pledge now has 53 signatories, including IBM, Unilever, Verizon, Siemens, Microsoft, and Best Buy.
A map of all of Amazon’s renewable energy projects around the world can be found here.