The UK-based 100% renewable energy supplier Good Energy confirmed its intention to list on London’s AIM stock exchange in its annual statement yesterday.
Chair of the group, Rick Squires, said the decision to seek admission to AIM followed on from the “continued development of the group and its operations [and] the board’s belief of the increasing need to seek access to institutional investors to continue the growth of the company as the UK’s only 100% renewable electricity supplier.”
The company currently has around 1700 shareholders and has traded on the PLUS Markets since 2004.
AIM is designed specifically to support relatively small, fast growing companies, giving them access to new capital.
Good Energy currently supplies some 30,000 homes with 100% renewable electricity and supports a community of 38,500 small-scale generators of wind, hydro, solar and sustainable biomass power.
The company has plans to expand its customer base and aims to generate half of the electricity it sells from its own wind and solar farms, as well as hydroelectric plants. Good Energy, with backing from the Co-operative Bank, is currently in the process of re-powering its wind farm in Delabore, North Cornwall.
For further information:
Ecotricity waves hello to marine energy (23-Jan)
UK green energy company Ecotricity’s wind output up 18% in 2011 (6-Jan)
Good Energy urges UK consumers to start generating their own energy (26-Oct 2011)
Article source: http://www.energyefficiencynews.com/i/5236/