KP Renewables is fighting for its life.

They have just reported a pretax loss for the period to June 30, 2006 of 2.27 mln stg compared with a loss of 83,865 stg for the same period a year earlier, on nil turnover.
directors have resigned and bizarrely, their home website www.kprenewables.com has been suspended.

There have been a few alternative energy companies of late who believed they could raise the cash in an IPO and then use that to make alternative energy acquisitions and subsequent returns for stockholders. I'm beginning to have my doubts about this sort of model. It works on the presumption of superior investment knowledge of those Directors over the experts in any of the given fields of expertise of wind, solar etc.

They also face the problem that in alternative energy, there is a lot of money chasing not a great deal of product. So not overpaying for assets and underperforming the market is very difficult to do.