Bloomberg News

Kedco to Build Three Wind-Energy Projects in Northwest Ireland

January 21, 2013

Kedco Plc (KED), an Irish clean-energy developer, agreed to build three wind farms in the country’s northwest that may total 30 megawatts in capacity.

Kedco signed a co-development agreement with a private landowner through its Reforce Energy unit, the Cork-based company said today in an e-mailed statement. It will fund pre- construction development costs in return for a 50 percent stake in each project, and will apply for planning consent this year.

“Ireland has one of the best wind resources in Europe, making it a very attractive location for the development of wind-energy projects,” Chief Executive Officer Gerry Madden said in the statement. “There is the exciting prospect of a potential export market for this renewable energy to the U.K.”

Kedco also plans to build five biomass plants in the U.K. for 59 million pounds ($94 million) and this month signed an agreement to build a 25-megawatt facility at Londonderry Dock in Northern Ireland.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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