Kedco plc selects Enverian Developer to manage growing portfolio of electricity and heat generation plants in the UK and Ireland
5th June 2013
Kedco plc, (AIM:KED) the renewable energy developer and operator focusing on the production of clean energy in the UK and Ireland, has signed a partnership agreement with Enverian which sees it become the latest company to select Enverian Developer to manage its growing portfolio of electricity and heat generation plant across the UK and Ireland. Enverian’s award winning cloud based business solution brings an international, standards based approach to portfolio management, project delivery and helps optimise a company’s decision making processes.
The deal will see all of Kedco’s wind and biomass portfolio being tracked, ranked, and valued using Enverian’s Developer solution. Kedco has been using the solution in trial since January and following a successful period of evaluation, the solution has been deployed for use with all projects. Enverian has also agreed to work with Kedco to bring greater value and efficiencies to the organisation by tailoring the solution around specific needs through the Enverian team of Business Analysts. The team will work to develop consistent tracking and financial models for the organisation for each jurisdiction and generation type.
Enverian’s Chief Executive, Colin Rogan said: “We are delighted to be working with Kedco as it continue to grow its portfolio of electricity and heat generation plant across the UK and Ireland. Kedco is an example of an Irish company succeeding on a global stage and we are delighted that the Company has turned to Enverian to help with ensuring that they deliver value to shareholders by using Developer to bring efficiencies to how they track, rank and value the projects within its portfolio. Both Enverian and Kedco teams will be working closely over the coming months to identify the best projects and strategies for the maximising of shareholder value.”
The unique feature of Enverian Developer is that even if all the projects are based in different locations and with different currencies or financial models – you have a portfolio view that ensures you are comparing them all consistently in real time. It also allows comparison between Kedco’s wind and biomass projects in a manner that determines which projects derive the best return on investment. Enverian has created a solution that allows energy companies to maximise their investment by capturing real-time project progress and demonstrates where the company is creating most value.
Gerry Madden, Chief Executive of Kedco plc commented: “Kedco is pleased to be working with Enverian; its solution for growing organisations like ours is compelling, as it provides the information that we need to manage a complex and international portfolio of renewable energy opportunities.
“We have been delighted to see how Enverian Developer is truly ground breaking in its approach to solving some of our most common challenges. We now have a solution and partner in Enverian that will enable us to evaluate projects from the earliest stage, manage our capital spend and investment levels appropriate to the risk and help us to track our return on investment. Enverian has brought an intuitive and energy sector focused solution to us that we could not have found anywhere else; they understand us and they understand the sector. We are delighted to be working with the team at Enverian and look forward to a successful partnership for the future.”
Enverian has now deployed its award winning solution to clients in Ireland, the United Kingdom and United States and is managing over 21GW of renewable energy projects across the globe through the innovative cloud based application. The combination of a ground breaking software solution and an expert consultancy team sets them apart in a competitive and growing renewable energy sector.
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Enverian was established in 2011 to provide software products and solutions focused on the renewable energy market. The company was founded on the experience of Renewable Energy Experts to meet the needs of this rapidly expanding sector. Enverian designs and develops innovative, complex and flexible business solutions for the energy sector.
For details about Enverian, please visit www.enverian.com
About Kedco plc
Kedco Group is a renewable energy portfolio developer and operator whose business strategy is to identify, develop, build, own and operate renewable energy electricity and heat generation plants in the UK and Ireland.
The Group possesses significant knowledge of renewable energy markets, clean technologies, fuel sources, project development, project finance and project delivery.
Kedco was admitted to trading on AIM, a market operated by the London Stock Exchange, in October 2008 (AIM: KED).
For details about Kedco, please visit www.kedco.com
Enverian was established in 2011 to provide innovative, complex and flexible business solutions to the energy sector. The company is led by a Board of former CIO's of Bluechip companies and a Senior Management team with extensive experience of delivering key strategic initiatives in Renewable Energy, Biotechnology, Financial, Utilities and IT environments. Read More...