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Lunes, 21 de Mayo de 2012

Centrica buys biomass company Econergy

Centrica P.L.C., through its subsidiary British Gas, has acquired the remaining 81 percent of stocks of Econergy Ltd., a biomass heating solutions provider, for lb6.5 million ($10.06 million), adding to the 19 percent share it bought in 2009.

Enviado por: ECOSEED - By Jhoanna Frances S. Valdez , 16/12/2011, 18:10 h | (30) veces leída

"The acquisition supports British Gas's strategy of helping customers to reduce their carbon emissions through a portfolio of renewable technologies," Centrica said in a statement.

Investor confidence in biomass rose as the British government recently approved the renewable heat incentive that will award companies installing biomass boilers lb7.9 per kilowatt-hour of heat generated. The value of the incentive will depend on the size of the boiler output.

The company will continue to trade as Econergy Ltd. – Jhoanna Frances S. Valdez

EcoSeed - ECOticias.com



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