Renewable Energy Generation Ltd South Sharpley Wind Farm Operational (2219W)

TIDMWIND

RNS Number : 2219W

Renewable Energy Generation Ltd

23 January 2013

Renewable Energy Generation Ltd ("REG")

South Sharpley Wind Farm operational

Renewable Energy Generation Limited (AIM: WIND), the UK renewable energy group, today announces that its 6MW South Sharpley Wind Farm in County Durham has entered commercial electricity production.

The project consists of three Vestas V80 2MW turbines and will produce around 16GWh of clean electricity annually.

Under the terms of the project financing with The Co-operative Bank announced on 3 October 2012, REG has now drawn down the second and final tranche of GBP6.3m from the loan agreement. The project financing is repayable over 10 years at an all in rate of 5.7% per annum.

South Sharpley becomes REG's 12th operating wind farm and will be followed by a 4MW site at Orchard End in Lancashire in early 2013.

Andrew Whalley, REG Chief Executive Officer, said: "South Sharpley is adjacent to our existing successful wind farm at High Sharpley and we anticipate it will provide many years of sustainable energy."

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 12 wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Cumbria and Gwynedd, with a total capacity of 57.15MW 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

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