Cindrigo's plant in Finland

Energy developer Cindrigo today became the latest business to float on the London Stock Exchange, rounding off one of the busiest months for London listings in years after a prolonged drought.

The Finnish business has joined the main market of the exchange after raising proceeds of £2.1m.

The shares have been priced at 12p each, giving the firm a market capitalisation at just over £40m.

Cindrigo said its primary focus is to advance its clean energy initiatives through waste-to-energy and geothermal projects across Europe. It operates the Kaipola Plant, a 110 megawatt combined heat and power waste-to-energy facility in Finland.

The company has also acquired three German geothermal projects with 85 per cent ownership, with a combined target capacity of over

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