15th Dec 2008 07:00
15 December 2008
Renewable Energy Holdings plc
("REH" or "the Company")
CETO - Vancouver Island, British Columbia
Renewable Energy Holdings plc (AIM: REH), the AIM quoted investor and operator of proven and innovative renewable energy technologies, is pleased to announce that Pacific Coastal Wave Energy Corporation ("Pacific Coastal") has been granted an Investigative Permit ("Permit") by British Columbia's Ministry of Agriculture and Lands to conduct a wave energy investigation over an area of approximately 475 hectares within the Clayoquot District, off the west coast of Vancouver Island in British Columbia, Canada.
Pacific Coastal is a wholly owned subsidiary of the CETO Development Company Limited, REH's joint venture company with EDF Energies Nouvelles.
The Permit is for a period of two years and enables data to be collected in order to determine the best potential site for the deployment of a CETO wave energy installation, taking into account surface wave and bathymetry characteristics.
Mike Proffitt, Chief Executive Officer of REH, commented:
"We are delighted to receive this permit as we can now begin the work required to identify the best site for our CETO wave energy technology, while final testing of CETO is concluded in Perth, Australia. This means that no time will be wasted in the subsequent deployment of a commercial CETO plant in West Vancouver Island. This area of the Pacific coast-line is a huge resource for wave energy and we are confident that this plant of approximately 10MW will be the first of many in the region."
For further information please contact:
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Mike Proffitt, Chief Executive |
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Renewable Energy Holdings plc |
Tel: 01624 641199 |
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Richard Swindells / Andrew Craig |
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Ambrian Partners - Nominated Adviser & broker to REH |
Tel: 020 7634 4700 |
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Samantha Robbins / Paul Dulieu |
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Redleaf Communications |
Tel: 020 7822 0200 |
Notes to Editors
About Renewable Energy Holdings plc
Renewable Energy Holdings ("REH") is an international company established to be an investor in and operator of both proven and innovative renewable energy technologies.
REH owns two operational wind farm sites in Germany, Kesfeld (32.5MW) and Kirf (8MW). In addition, REH is at various stages of development of further wind farm sites in Poland and Wales.
REH owns a methane Landfill Gas Project in Powys, Wales which is at an early stage of gas collection, currently producing at 1MW and which is expected to increase as the landfill matures.
CETO is REH's innovative wave power technology. It is the first wave power converter to sit on the seabed, where it is invisible, safe from storms and ocean forces, and self contained. Unlike other wave energy technologies that require undersea grids and costly marine qualified plant, CETO requires only a small diameter pipe to carry high pressure seawater ashore to either a turbine to produce electricity, or to a reverse osmosis filter to produce fresh water. CETO is currently deployed off Fremantle, Western Australia undergoing commercial testing.
The Directors and executive team of REH have extensive experience in both the conventional and renewable energy sectors, both in the UK and overseas, and through their experience have built a broad international network of relationships with individuals, companies, governments and lobby groups.
The Company was incorporated in the Isle of Man on 8 October 2004 and listed on the London Stock Exchange's AIM in February 2005.
Further information can be found at www.reh-plc.com.
Related Shares:
REH.L