4MW Wind Farm Planning Permission Granted
September 10 2010 - 2:00AM
UK Regulatory
TIDMWIND
RNS Number : 4615S
Renewable Energy Generation Ltd
10 September 2010
10 September 2010
Renewable Energy Generation Ltd
4MW Wind Farm Planning Permission Granted
Renewable Energy Generation Limited ("REG" or the "Company") (AIM: WIND), the UK
renewable energy group, today announces that it has received planning permission
for the construction of a 4MW wind farm at French Farm near Peterborough,
Cambridgeshire.
The planning approval allows REG to install two 2MW wind turbines on the
greenfield site having successfully negotiated with the Ministry of Defence
(MoD) following an objection regarding radar interference. Planning conditions
were agreed by both parties in a form that allowed the MoD to withdraw its
objection. Peterborough City Council was supportive of the application
throughout the process but was unable to grant planning permission because of
the MoD objection, which was only resolved during the planning appeal process.
The conditions accompanying the permission potentially require the approval of a
scheme to mitigate the impact of the development on two nearby RAF bases. The
development cannot be brought into operation until the earlier of approval of
the mitigation or the expiry of four years from the date of the permission.
Given the Company's priority of focusing on projects that will generate
near-term commercial benefit, REG is considering the best way to progress any
mitigation scheme.
In the formal decision, the planning inspector commented: "There is a wide array
of International, European, and UK laws and policies which are aimed at tackling
climate change and securing increasing energy supplies from renewable sources.
In my opinion, the limited adverse effects arising from the proposed development
would not be sufficient to outweigh these very strong material considerations."
Andrew Whalley, Chief Executive Officer of Renewable Energy Generation, said:
"The planning permission granted today is the result of persistence and
diligence on the part of our development team over a long period and underpins
the value of our organic development activities."
Enquiries:
+--------------------------------------------------+---------------+
| Renewable Energy Generation Limited | +44 (0)1483 |
| Andrew Whalley, Chief Executive Officer | 901 790 |
| David Crockford, Finance Director | |
| | |
+--------------------------------------------------+---------------+
| Smith & Williamson Corporate Finance Limited | +44 (0)117 |
| (Nominated Adviser) | 376 2213 |
| Nick Reeve / Martyn Fraser | |
| | |
+--------------------------------------------------+---------------+
| 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
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