Irish green energy company Kedco has risen 54 per cent to €0.27 (21p) on its first day’s trading on AIM.

Broker and nominated adviser Lewis Charles introduced the company on to the market by without raising any new cash, but it is believed Cork-based Kedco intends to raise between €10 million and €20 million early next year to fund the first of 25 plants in its pipeline. These plants kill two ecological birds with one stone, by converting waste into clean energy.

Chief executive Donal Buckley says the first plant is likely to be in London with another outside the capital to follow. Loss-making Kedco partners with local companies, sourcing the most appropriate technology for their market, based on such processes as gasification and dry fermentation, and then sets up and helps run the plant.

The current price values Kedco at £53.85 million.

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Kedco	AIM	€36m	€0.18	€0.00
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