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UK renewables firm in take-over

Renewable energy company Proventus Energy has been taken over by Captive Audience Display Solutions, based in Dublin.

A new company, Proventus Renewables is to be formed, concentrating on the renewables market.

Proventus Energy has interests in Bulgaria, with a 200MW wind farm project that is expected to be completed in the next year.

The company also owns Proventus Solar Ltd, which is involved in the operation of solar energy projects.