Energy firm secures €2.6m on AIM

IRELAND could meet 20% of its electrical energy needs, launch €4 billion worth of new projects and create thousands of new jobs by developing two areas of green energy.

Chief executive of Cork-based green energy company Kedco, Donal Buckley, believes Ireland could enjoy huge energy import replacement gains by developing its anaerobic digestion and gasification energy capabilities.

Kedco yesterday secured €2.6 million from a placing on London’s AIM index by new investors and existing Kedco directors. The share price enjoyed a lift of about 3% yesterday to 18p (25 cent) on the London AIM, where the company’s market capitalisation is listed as £32.47m (€35.33m).