Renewable Energy Generation Ltd Project Update (3380H)

TIDMWIND

RNS Number : 3380H

Renewable Energy Generation Ltd

19 June 2013

Renewable Energy Generation Ltd ("REG" "The Company")

Project update

Renewable Energy Generation Limited (AIM: WIND), the UK renewable energy group, today announces that its 6MW wind project at Burnthouse Farm has become operational. The anticipated annual output of the project is 14.5GWh per annum, sufficient clean electricity to meet the equivalent annual needs of more than 3,000 households.

REG also announces the purchase of a single 500kW turbine for its project at High Down in Cornwall. This project will be built under the UK Government's feed-in tariff and is expected to be operational in early 2014 producing around 1.8GWh per annum of clean electricity.

The previously announced sale of REG's 4MW operational project at Orchard End to the Company's strategic partner BlackRock is expected to be completed later this year following its financing with the Co-Operative Bank.

REG currently has 9 projects in the planning system totalling more than 78MW of capacity. The Company is on track to submit a further 56MW of projects into the planning system by the end of June this year.

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) 
  Bobbie Hilliam/Max Hartley                     +44 (0)20 73978900 
 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 14 wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Cumbria, Lancashire and Gwynedd, with a total capacity of 61.15MW 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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