TIDMWIND 
 
 
Renewable Energy Generation Ltd 
15 July 2010 
 
? 
15 July 2010 
 
                        Renewable Energy Generation Ltd 
                    New short-term power purchase agreement 
 
Renewable Energy Generation Limited ("REG" or the "Company") (AIM: WIND), the UK 
renewable energy group, today announces that it has agreed an extension to its 
existing Power Purchase Agreements (PPAs) with Smartest Energy. 
 
The extension covers output from the newly-acquired operating project at St 
Breock, the additional capacity being built at Goonhilly and the Company's 
development project at Loscar.  The expected annualised total output subject to 
the extended PPA is approximately 30 GWh. 
 
The new PPA is effective immediately and runs through to March 2011 and is thus 
harmonised with the expiry of the Company's existing output contracts.  In due 
course REG expects to put in place longer-term PPAs enabling the Company to take 
advantage of attractive long term finance rates for wind power generation in the 
UK.  Additionally, the new PPAs allow the Group to take advantage of sharply 
higher Winter 2010 electricity prices. 
 
Commenting on developments, Andrew Whalley, Chief Executive Officer, said: 
 
"The timely extension to our existing PPAs takes advantage of recent sharp rises 
in electricity prices and allows us to synchronise all of our PPAs across the 
Group. 
 
"Later this year, we intend to refinance our operating portfolio at which point 
a longer term agreement will be put in place covering the Group's total wind 
power output.  The implementation of long-term PPAs will facilitate project 
financing and free up capital for the development of our new projects as they 
progress through planning." 
 
                                      Ends 
 
Enquiries: 
+--------------------------------------------------+---------------+ 
|                                                  | +44 (0)1483   | 
| Renewable Energy Generation Limited              | 901 790       | 
| Andrew Whalley, Chief Executive Officer          |               | 
| David Crockford, Finance Director                |               | 
|                                                  |               | 
+--------------------------------------------------+---------------+ 
| Piper Jaffray Limited - Corporate Broker         | +44 (0)20     | 
| Jens Rosebrock / Charlie Lilford                 | 3142 8700     | 
|                                                  |               | 
+--------------------------------------------------+---------------+ 
| Hogarth Ltd                                      |  +44 (0)20    | 
| Sarah MacLeod / Vicky Watkins                    | 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). 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NRAEAFXSFDSEEFF 
 

Renewable Eng. (LSE:WIND)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Renewable Eng. Charts.
Renewable Eng. (LSE:WIND)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Renewable Eng. Charts.