Scirocco Energy's (LON:SCIR) Tom Reynolds talks to Proactive London about investing £1.2mln in Energy Acquisitions Group Ltd (EAG), a vehicle in the sustainable energy sector with plans to acquire an anaerobic digestion (AD) biogas energy project in Northern Ireland.
EAG has an agreement to acquire Greenan Generation Limited, which has a 0.5 megawatt AD plant, which creates biogas, and a new joint venture is expected to pursue a series of identified acquisition opportunities in the AD sector. Reynolds says 'strategically it is a very big deal'.