3rd Nov 2010 07:00
Press Release 3 November 2010
Renewable Energy Generation Ltd
("REG", "the Company" or "the Group")
Second receipt of deferred consideration on the Sale of AIM PowerGen Corp.
Renewable Energy Generation (AIM: WIND), the UK renewable energy group, today announces the receipt of £3.6m (Cdn$5.6m), being the second tranche of deferred consideration received on the sale of its Canadian subsidiary, AIM PowerGen Corporation.
The cash receipt reduces the balance of deferred consideration to £2.7m.
ENDS
Enquiries:
Renewable Energy Generation Limited Andrew Whalley, Chief Executive Officer David Crockford, Finance Director
| +44 (0)1483 901 790 |
Smith & Williamson Corporate Finance Limited (Nominated Adviser) Nick Reeve / Martyn Fraser
| +44 (0)117 376 2213 |
Piper Jaffray Limited (Corporate Broker) Jens Rosebrock / Charlie Lilford
| +44 (0)20 3142 8700 |
MHP Communications Katie Hunt / Vicky Watkins
| +44 (0)20 3128 8100 |
Notes to Editors
Renewable Energy Generation Ltd (REG) is a UK orientated renewable energy group. The Group's main business is the development, construction and operation of wind farms in the UK and generating power from refined used cooking oil in the UK.
·; REG Windpower: based in Cornwall and Bath, UK, it currently operates nine wind projects in
Cambridgeshire, Cornwall, County Durham, Yorkshire, Cumbria and Gwynedd, with a total capacity of
37.15MW and has a development pipeline of around 560MW.
·; REG Bio-Power UK Ltd: based in Nottingham, UK: it operates electricity generation plant fuelled by waste
vegetable 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