With production now commenced at the 110MW Waste to Energy (WtE) plant in Finland, generating its first, albeit modest, cash flows, and the now finalized strategic expansion into high-value geothermal projects in Germany, Cindrigo is on track to position itself as one of the most interesting renewable energy developers in Europe. Despite the 37% dilution resulting from the deep discount offered to existing shareholders in the GBP 13 million capital raise, the company is now close to being debt-free. The planned listing on the LSE Main Market in H1 2025 under the Commercial Companies category will bring added benefits, including increased scrutiny, transparency, and eligibility for institutional investments and index inclusion, potentially elevating the company to a new valuation bracket.
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