KP Renewables, a stock with a capitalisation of just £15 m is a spin-off from Kwikpower International. Kwikpower is a biotechnology company formed in 1996 to develop or acquire and commercialize, innovative and cost effective technologies to produce clean burning alternative fuels or bio-based chemicals from waste.

KP Renewables meanwhile looks like the higher tech alternative energy company focussed on earning ROCs (Renewables Obligation Certificates) - and interested in wind, biomass, carbon recycling and direct waste disposal. It claims that its Framework PPAs (Power Purchase Agreements) and its project financing capabilities provide the company and the UK’s small renewable energy developers with a unique opportunity to overcome the barriers to entry presented by large power utility companies.

According to their most recent report (no press update since December '05), the company has 520 MW of forward sold power contracts. It's also interesting that they have listings on 3 German exchanges as well.

Germany clearly has a very hungry SRI market.

KP Renewables closed up today at 32.5p