24th Sep 2010 12:31
24 September 2010
Renewable Energy Generation Ltd
Wind Farm Proposal Secures Resolution to Grant Permission
Renewable Energy Generation Limited ("REG" or the "Company") (AIM: WIND), the UK renewable energy group, today announces that East Riding of Yorkshire Council's planning committee yesterday voted to support the construction of a five turbine wind farm at Sancton Hill. The vote, 12 votes to 1 in favour of the scheme, provides planning officers with a mandate to grant planning permission following the completion of Section 106 agreement in respect of a number of planning obligations.
Following the grant of planning permission, expected later in 2010, REG expects to be able to commence construction of this project in its next financial year.
Andrew Whalley, Chief Executive Officer of Renewable Energy Generation, said:
"The strong support of the planning committee to grant permission for the 10MW Sancton Hill is welcome news. The site is a good one, able to accommodate five 100 metre tip height wind turbines. We will be moving forward our discussions with the council to complete the Section 106 agreement as speedily as possible in order to allow construction in REG's next financial year".
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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Hogarth Ltd Vicky Watkins
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+44 (0)20 7357 9477 |
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.
·; The Cornwall Light & Power Co. Ltd: based in Cornwall, UK, it currently operates eight wind projects in Cambridgeshire, Cornwall, County Durham, Cumbria and Gwynedd, with a total capacity of 26.25MW and has a development pipeline of around 350MW.
·; 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).
Related Shares:
WIND.L