Kedco signs heads of terms for Londonderry project

Renewable energy group Kedco on Monday provided an update on progress on its product portfolio. The highlight of the same was the signing of a heads of terms agreement with the Londonderry Port & Harbour Commissioners regarding a new biomass project, with a capacity of up to 25MW.

Renewable energy group Kedco on Monday provided an update on progress on its product portfolio. The highlight of the same was the signing of a heads of terms agreement with the Londonderry Port & Harbour Commissioners regarding a new biomass project, with a capacity of up to 25MW.

Gerry Madden, Chief Executive Officer (CEO) of Kedco, highlighted that: "(...) Following the commissioning of the Newry Biomass project, the Company has had a number of approaches from various parties with a view to developing new renewable energy projects. The Londonderry Port project is the first such project, and we are delighted to have signed heads of terms."

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