Kedco Plc (KED), an Irish renewable energy developer, is planning to build five projects in the U.K. for 59 million pounds ($92 million) that will use wood and waste to generate electricity, its chief executive officer said.
The company plans to build facilities in the south of England, the midlands, northern England and Derbyshire, Gerard Madden said in an interview in London. Together they will have a capacity of 15 megawatts. The Cork-based company is aiming for financial close on the projects by the end of 2012, he said.
The facilities will utilize gasification and anaerobic digestion to produce power and heat. Gasification uses high temperatures and oxygen to turn biomass materials into a gas that can help generate electricity. Anaerobic digestion breaks down the material in the absence of oxygen to make a biogas that can also be used to generate power.