Kibo keen to buy UK waste-to-energy projects

Photo: Pixabay

April 19 (Renewables Now) - Africa-focused energy firm Kibo Energy Plc (LON:KIBO; JSE:KBO) said today it has initiated due diligence on the possible purchase of certain renewable energy projects in the UK.

To be more specific, the company is targeting a number of standalone waste-to-energy projects focussed on the bespoke private offtake market. Kibo has negotiated exclusivity and a first right to acquire these assets.

"This opportunity is in line with our strategic intent to deliberately and actively transition from fossil fuel-based energy solutions to sustainable renewable energy solutions,” said CEO Louis Coetzee.

Kibo stressed that the projects in question are completely unrelated to and commercially and technically different from the reserve power projects being developed in Mast Energy Developments Plc (MED) in which the company has a 55% interest.

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