Renewable Energy Generation Ltd Turbine Order (2127U)
December 24 2012 - 2:00AM
UK Regulatory
TIDMWIND
RNS Number : 2127U
Renewable Energy Generation Ltd
24 December 2012
Renewable Energy Generation Limited
Turbine supply agreement signed with Gamesa SPA for three G80
2MW turbines
Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK
renewable energy group, announces that it has signed a turbine
supply agreement with Gamesa SPA for three 2MW G80 turbines for a
new project at Burnthouse Farm in Cambridgeshire. This project was
developed under an agreement between REG and a development partner
and received planning permission in the summer of 2011. However,
the project was only freed to enter construction when a key
aviation planning condition was discharged earlier this year.
The cost of Burnthouse Farm will be in line with the
construction of REG's recent projects and will be wholly financed
from REG's existing cash resources. It will have an annual energy
production of approximately 14GWh per annum and is expected to be
operational midway through 2013.
Andrew Whalley, Chief Executive Officer of REG, said:
"We have enjoyed a good relationship with our development
partner and it is thus excellent news that we are now moving
Burnthouse Farm into construction. This is our first purchase of
Gamesa G80 turbines which have a proven track record of success
around the world. We hope that Burnthouse Farm will be the first of
a number of REG projects to move into construction during the next
twelve months, helping the UK move towards meeting its long term
emissions targets".
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
Martyn Fraser 2213
Cenkos (Corporate Broker) +44 (0)20 7397
Bobbie Hilliam/Max Hartley 8900
City Profile +44 (0)20 7448
Simon Courtenay/Abigail Genis 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 11 wind projects in Cambridgeshire, Cornwall, County
Durham, Yorkshire, Cumbria and Gwynedd, with a total capacity of
51.15MW and has a development pipeline of over 1,000MW.
REG Bio-Power UK Ltd: based in Nottingham, UK: it operates
electricity generation plant powered by fuel recovered from used
cooking 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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