7th Oct 2010 13:03
07 October 2010
Renewable Energy Generation Ltd
Operation of Goonhilly and Loscar Wind Farms
Renewable Energy Generation Limited ("REG" or the "Company") (AIM: WIND), the UK renewable energy group, today announces that its new wind projects at Goonhilly Downs (12MW) and Loscar (4.5MW) have been energised and are now beginning to export power to their local grids. REG now has 37.15MW of wind and 5.35MW of Bio-Power plants in operation.
Construction of REG's other new wind project at High Haswell in County Durham is underway with turbines scheduled for delivery in November. The addition of High Haswell will increase REG's operational wind portfolio to 41.15MW with an anticipated output of around 108GWh per annum of green electricity.
Andrew Whalley, Chief Executive Officer of Renewable Energy Generation, said:
"The simultaneous construction of Goonhilly and Loscar has tested our construction team but both projects have been finished on time and to budget. With High Haswell scheduled for operation in January, a number of our other development projects set for determination in coming months and with the expected construction of the 10MW Sancton Hill project next year, we are confident that our current momentum can be maintained."
Enquiries:
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Renewable Energy Generation Limited Andrew Whalley, Chief Executive Officer David Crockford, Finance Director
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+44 (0)1483 901 790 |
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Smith & Williamson Corporate Finance Limited (Nominated Adviser) Nick Reeve / Martyn Fraser
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+44 (0)117 376 2213 |
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Piper Jaffray Limited (Corporate Broker) Jens Rosebrock / Charlie Lilford
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+44 (0)20 3142 8700 |
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MHP Communications Katie Hunt / Vicky Watkins
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+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. REG also operates three Combined Heat and Power generation plants fuelled by a proprietary biofuel recovered from waste vegetable oil'.
·; The Cornwall Light & Power Co. Ltd: based in Truro and Bath, UK, it currently operates nine wind projects in Cambridgeshire, Yorkshire, Cornwall, County Durham, Cumbria and Gwynedd, with a total capacity of 37.15MW and has a development pipeline of around 350MW.
·; REG Bio-Power UK Ltd: based in Nottingham, UK: it operates three Combined Heat and Power generation plants fuelled by a proprietary biofuel recovered from 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).
Related Shares:
WIND.L