- Business
- Kibo Energy PLC engages in the exploration, development, and operation of multi-asset energy projects focused on renewable energy, energy storage, and sustainable power solutions in Sub-Saharan Africa and the United Kingdom. Incorporated in 2008 and headquartered in Galway, Ireland, the company develops projects including the Sustineri Energy project in South Africa, in which it holds a 65% interest; the Southport project in Merseyside, north-west England, with 100% ownership; a 42.58% stake in MAST Energy Developments featuring gas-to-power plants such as ADV001 Hindlip Lane, ARL018 Stather Road, Bordersley Power, Pyebridge Power, and Rochdale Power; and investments in battery metals and gold tailings reprocessing to support the energy value chain. It operates across segments encompassing renewable energy generation with onshore wind, solar photovoltaic, and battery energy storage systems; flexible gas-fired power for reserve markets; waste-to-energy and bioenergy initiatives; and mineral exploration tied to critical metals for green energy transitions, targeting markets in industrial decarbonization, data centers, critical minerals processing, green steel, and low-carbon fuels production.
In recent developments, Kibo Energy entered a conditional sale and purchase agreement on 8 October 2025 to acquire 100% of Carbon Resilience Pte Limited for US$135 million in a reverse takeover transaction, incorporating a portfolio of over 14GW onshore wind, solar, and battery storage projects across eight sites in Queensland, Australia spanning 900,000 hectares. The transaction, structured through issuance of approximately 966 million new ordinary shares at 10.4 pence per share post a proposed 1600:1 share consolidation, remains subject to due diligence, shareholder approval, regulatory clearances including AIM readmission, and publication of an admission document with audited financials. Complementing this, the company issued a convertible loan note of up to £150,000 in October 2025 for working capital and initial reverse takeover costs, with plans for additional fundraising to support operations and completion, while trading on AIM remains suspended pending re-admission.