Deferred Consideration (1741R)

TIDMWIND

RNS Number : 1741R

Renewable Energy Generation Ltd

01 November 2011

Press Release 1 November 2011

Renewable Energy Generation Ltd

Final receipt of deferred consideration on sale of AIM PowerGen Corp

Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK renewable energy group, today announces the receipt of Cdn$3.76m (GBP2.35m) being the final tranche of deferred consideration in respect of the sale of its Canadian subsidiary AIM PowerGen Corp.

This payment, which equates to the deferred consideration reflected in REG's year end accounts, concludes the AIM PowerGen sale process which has realised GBP57.5m in net proceeds.

ENDS

Enquiries:

 
 Renewable Energy Generation Limited 
  Andrew Whalley, Chief Executive Officer 
  David Crockford, Finance Director                                  +44 (0)1483 901 
  Ian Lawrence, Communications Manager                                790 
 Smith & Williamson Corporate Finance Limited (Nominated Adviser)    +44 (0)117 376 
  Nick Reeve / Martyn Fraser                                          2213 
 Evolution Securities (Corporate Broker)                             +44 (0)20 7071 
  Garry Levin / Tim Redfern / Stuart Andrews                          4300 
 City Profile                                                         +44 (0)20 7448 
  Simon Courtenay / Sheena Khan                                        3244

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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