Renewable Energy Generation Ltd REG completes financing of 4MW wind farm (5277K)

TIDMWIND

RNS Number : 5277K

Renewable Energy Generation Ltd

31 July 2013

Renewable Energy Generation Ltd

REG completes financing of 4MW wind farm

Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK renewable energy group, today announces that it has completed the long term project financing of its 4MW Orchard End wind farm in Lancashire. The 10 year project financing for GBP4.2m is provided by the Co-operative Bank at an all in rate of 6.075%.

As previously announced it is intended that Orchard End will be sold to BlackRock later 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                                 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, Lancashire, Cumbria and Gwynedd, with a total capacity of 67.15MW 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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