By FRANCESS McDONNELL, Irish Times
THE CORK-based renewable energy group Kedco, which operates a biomass electricity and heat generation plant in Newry, has agreed a deal to acquire Reforce Energy Limited.
Reforce, which was established just last year, is also an Irish company specialising in renewable energy development.
Kedco said it has signed a heads of agreement with Reforce to acquire its entire share capital in a share-only deal. The renewable energy group said if the deal is completed it would “not involve” a cash consideration but “would be satisfied by the issue of new Kedco ordinary shares”.
Reforce lists its focus as small scale renewable projects across various technologies… Read more