5th Feb 2014 10:35
5 February 2014
Renewable Energy Generation Ltd
FRENCH FARM WIND FARM EXTENSION
Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK renewable energy group, today announces that Peterborough City Council planning committee has resolved to grant planning permission for an extension to its French Farm wind farm project.
The extension is for four additional turbines of an identical 100m tip height to the extant two turbine planning permission. The resultant 12MW scheme will have an anticipated annual energy output of 28.5GWh, making it one of REG's most productive wind farms.
Formal planning permission is expected to follow shortly and subject to the expiry of the six week legal challenge period, the project is expected to enter construction later this year.
Andrew Whalley, REG Chief Executive Officer, said: "The further 8MW of capacity at French Farm will provide an excellent addition to REG's portfolio.
"The wind farm will also make a considerable contribution to Peterborough City Council's aspiration to become the UK's Environment Capital while the local community will benefit from the project's Community Fund expected to total £1.5million over the life of the project. At a time of constrained government spending REG is delighted to be able to provide local funding in this manner."
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