Renewable Energy Generation Ltd Planning Permission (8030S)
July 13 2015 - 1:00AM
UK Regulatory
TIDMWIND
RNS Number : 8030S
Renewable Energy Generation Ltd
13 July 2015
Renewable Energy Generation Limited / Ticker: WIND / Index:
AIM
Renewable Energy Generation Limited ("the Company" or "REG")
Approval for new 9MW wind farm in UK
Renewable Energy Generation Limited, the AIM quoted UK focused
multi-divisional renewables company, announces today that planning
permission has been granted for the Company's 9MW Abergorki Wind
Farm in Rhondda Cynon Taf, Wales ('Abergorki' or 'the Project').
Abergorki brings REG's tally of consented wind farms to eight,
totalling around 60MW. As previously announced 38MW are due to be
delivered over the coming 18 months, with this project and the
previously announced Mynydd Brombil (8MW) now also moving into
procurement. REG's strategy is to increase its existing 111MW of
operational UK renewable energy projects across wind, bio-power and
solar to 300MW within three years.
The Project comprises three wind turbines with tip-heights up to
146.5 metres and an expected aggregate installed capacity of up to
9MW. Rhondda Cynon Taf County Borough Council's decision, in line
with the planning officer's recommendation to approve the
application, is subject to the expiry of the usual six week legal
challenge period. The Company is currently in discussions with the
Department of Energy and Climate Change on the Project's
eligibility for the proposed, revised grace periods under the
Renewable Obligation regime.
Andrew Whalley, REG Chief Executive Officer, said: "Abergorki
will be a significant addition to our portfolio as it is extremely
well placed to harness the excellent wind resource in this part of
South Wales. It is also gratifying to achieve a resolution to grant
consent at local authority level, demonstrating that well-sited
wind farms can offer benefits to local communities and attract
strong local support.
"Our pipeline of consented renewable energy projects at various
stages of procurement and construction now stands at 150MW. Once
commissioned, these projects will increase REG's total generating
capacity to over 250MW. We are therefore on track to hit our target
to increase our existing 111MW of operational UK renewable energy
projects across wind, bio-power and solar to 300MW within three
years. We are building a leading independent renewable energy
provider in the UK and I look forward to providing further updates
on our progress."
**ENDS**
For further information please visit
www.renewableenergygeneration.co.uk or contact the following:
Andrew Whalley
Chief Executive Renewable Energy Generation +44 (0)1483 901
Officer Ltd 796
David Crockford Renewable Energy Generation +44 (0)1483 901
Finance Director Ltd 796
Ian Lawrence
Communications Renewable Energy Generation +44 (0)1483 901
Manager Ltd 796
+44 (0)20 7397
Bobbie Hilliam Cenkos (Broker) 8900
Smith & Williamson
Corporate Finance Limited +44 (0)117 376
Martyn Fraser (Nominated Adviser) 2213
St Brides Partners +44 (0)20 7236
Felicity Winkles (Public Relations) 1177
St Brides Partners +44 (0)20 7236
Frank Buhagiar (Public Relations) 1177
Notes to editors
Renewable Energy Generation Ltd (REG) is an AIM listed UK
focussed multi-divisional renewables company. The Company has four
distinct divisions: wind, bio-power, solar and asset management
which offer multiple revenue streams. REG currently operates 111MW
of power in UK and it is the Company's strategy to grow its
portfolio to 300MW across its four divisions in the next three
years.
REG Windpower: Currently operates 11 wind projects in
Cambridgeshire, Cornwall, County Durham, Yorkshire, Lancashire,
Cumbria and Gwynedd, with a total capacity of 34.7MW. REG has a
growing portfolio of wind sites ranging in size from single turbine
sites to six turbine wind farms. It has recently signed an
agreement with Gamesa EĆ³lica, S.L, a leading global wind turbine
manufacturer, to supply 19 wind turbines for five new wind farm
sites which once in operation will see wholly owned wind power
operations almost double to 72.7MW. Furthermore REG has
approximately 200MW of wind projects in the planning system
awaiting consent.
REG Bio-Power UK Ltd: Generates renewable energy through a
patented bioliquid recovered from used cooking oil. REG operates
26MW in the UK to generate power and heat. Projects generate income
from sale of power; ROCs and embedded benefits; and contracts with
the National Grid STOR service.
REG Solar: Solar power generation in the UK, REG operates 4.5MW
solar PV on behalf of BlackRock through its Asset Management
division. REG has a further 61.6MW consented or in procurement.
REG Asset Management: Full spectrum construction and asset
management of wind and solar projects on behalf of third parties in
the UK. REG has 60.5MW of projects managed for BlackRock - 46MW
(+10MW pipeline) wind and 4.5MW solar with management fees linked
to % of revenue generated per project.
Furthermore REG works with best-in-class blue chip partners,
including BlackRock, the world leading fund management group,
Caterpillar, the world leading engineering group, and Veolia, the
UK leader in environmental solutions, to deliver its diversified
and profitable portfolio.
Headquartered in Jersey, REG was admitted to trading on AIM, a
market operated by the London Stock Exchange, in May 2005 (AIM:
WIND).
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAKXEFALSEFF
Renewable Eng. (LSE:WIND)
Historical Stock Chart
From Nov 2024 to Dec 2024
Renewable Eng. (LSE:WIND)
Historical Stock Chart
From Dec 2023 to Dec 2024