12th Aug 2011 07:00
Renewable Energy Generation Ltd ("REG")
REG procures turbines for Yorkshire site
Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK wind farm developer and operator, today announces the purchase of five 2MW Vestas V80 GridStreamer turbines for its Sancton Hill site in Yorkshire, which was granted planning consent in February. The total cost of the project, including turbines, is expected to be around £12.5m and will be funded from REG's existing cash resources.
The turbines are scheduled for delivery in Spring 2012 and to be operational in the first half of 2012. The wind farm is expected to produce approximately 27GWh of output per annum.
Andrew Whalley, Chief Executive Officer, said:
"Sancton Hill has an excellent wind resource and this project will increase REG's renewable energy output by 25 per cent to around 133GWh per annum and increase total capacity to 51.15MW. We are delighted to be working with Vestas again as their turbines are performing extremely well on a number of our operational sites."
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) Nick Reeve / Martyn Fraser
| +44 (0)117 376 2213 |
Evolution Securities (Corporate Broker) Garry Levin / Tim Redfern / Stuart Andrews
| +44 (0)20 7071 4300 |
Caroline Cecil Associates Caroline Cecil
| +44 (0)20 7610 4110 |
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 and Bath, UK, it currently operates ten wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Cumbria and Gwynedd, with a total capacity of 41.15MW and has a development pipeline of over 1,000MW.
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