Renewable Energy Generation Ltd Acquisition of consented wind project (6340Q)

TIDMWIND

RNS Number : 6340Q

Renewable Energy Generation Ltd

16 October 2013

Renewable Energy Generation Ltd

Acquisition of consented wind project

Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK renewable energy group, announces that it has entered into an agreement with South Staffordshire College to acquire a consented wind project located at the Rodbaston campus, near Penkridge, Staffordshire. The project will comprise two 2MW turbines and is expected to deliver 11GWh of clean electricity per annum.

Under the terms of the agreement, REG will support the College's educational programme by providing access to the turbine and will make annual lease payments to the College for the duration of the project. REG aims to start construction of the project during its current financial year.

Andrew Whalley, Chief Executive Officer commented;

"We are delighted to be able to partner with South Staffordshire College on this wind project which originally received planning permission in 2010. This is an excellent example of the wind industry working within a local community not only in terms of providing financial assistance but, perhaps more importantly, valuable educational support".

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 
 Broker 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, Bath and Guildford, 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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