Project Type | Development of flexible energy generation projects
Location | United Kingdom
Development Stage | Due Diligence and Acquisition on multiple “shovel ready” sites
Kibo’s Interest | 60%
- Next Steps |
- Completion of due diligence
- Completion of acquisition on first sites
MED is a private UK registered company targeting the development and operation of flexible power plants to service the Reserve Power generation market and balance out the national grid at critical times. Its business strategy is to acquire and develop a portfolio of small-scale power generation assets. Various “shovel ready” sites have already been identified in the UK, capable of sustaining gas fired power generators and ancillary structures from 20MW upwards. Financial modelling indicates projected IRRs of 13-16% and NPVs of GBP16-19 million for the initial assets.