16th Oct 2013 09:41
16 October 2013
Renewable Energy Generation Ltd
Acquisition of consented wind project
Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK renewable energy group, announces that it has entered into an agreement with South Staffordshire College to acquire a consented wind project located at the Rodbaston campus, near Penkridge, Staffordshire. The project will comprise two 2MW turbines and is expected to deliver 11GWh of clean electricity per annum.
Under the terms of the agreement, REG will support the College's educational programme by providing access to the turbine and will make annual lease payments to the College for the duration of the project. REG aims to start construction of the project during its current financial year.
Andrew Whalley, Chief Executive Officer commented;
"We are delighted to be able to partner with South Staffordshire College on this wind project which originally received planning permission in 2010. This is an excellent example of the wind industry working within a local community not only in terms of providing financial assistance but, perhaps more importantly, valuable educational support".
Enquiries:
Renewable Energy Generation Limited Andrew Whalley, Chief Executive Officer David Crockford, Finance Director Ian Lawrence, Communications Manager | +44 (0)1483 901 790 |
Smith & Williamson Corporate Finance Limited (Nominated Adviser) Martyn Fraser | +44 (0)117 376 2213 |
Cenkos (Corporate Broker) Bobbie Hilliam/Max Hartley | +44 (0)20 73978900 |
Broker Profile Simon Courtenay | +44 (0)20 7448 3244 |
Notes to editors
Renewable Energy Generation Ltd (REG) is a UK renewable energy group. Its main business is the development, construction and operation of wind farms and generating power from refined used cooking oil.
REG Windpower: based in Truro, Bath and Guildford, UK, it currently operates 14 wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Lancashire, Cumbria and Gwynedd, with a total capacity of 67.15MW and has a development pipeline of over 1,000MW.
REG Bio-Power UK Ltd: based in Nottingham, UK: it operates electricity generation plant powered by fuel recovered from used cooking oil.
Headquartered in Jersey, REG was admitted to trading on AIM, a market operated by the London Stock Exchange, in May 2005 (AIM: WIND).
www.renewableenergygeneration.co.uk
Related Shares:
WIND.L