17 Sep 2008 07:00
Camco International Limited
Maerdy Windfarm planning permission approval
17 September 2008
Camco International Limited ("Camco"), a leading climate change business, is pleased to announce that planning permission approval has been received for Maerdy Windfarm.
Maerdy Windfarm is a development by Renewable Energy Partnerships Ltd (REP), a Camco Group joint venture. Camco holds a 10% shareholding in REP via its Camco Ventures division which invests to commercialise climate change mitigation technologies, projects and services.
Maerdy Windfarm is located in the Rhondda Valleys in South Wales. The planned development is for eight 3MW turbines with estimated electricity generation of 64,000 MWh per year.
Further information is available on the project website: www.maerdywindfarm.co.uk and REP www.r-e-p.com.
Jeff Kenna, Camco CEO, said
"Planning permission is a key milestone in the development of the Maerdy Windfarm and we can now look forward to implementation of this first REP wind project in South Wales. We will continue to look at options to maximize the value of this successful Ventures investment."
Enquiries:
| The Camco Group | +44 (0)20 7121 6100 |
| Jeff Kenna, Chief Executive Officer | |
| Scott McGregor, Chief Financial Officer | |
| KBC Peel Hunt Ltd (Nominated Adviser and Broker) | +44 (0)20 7418 8900 |
| Jonathan Marren | |
| David Anderson | |
| Gavin Anderson | +44 (0)20 7554 1400 |
| Ken Cronin | |
| Kate Hill | |
| Janine Brewis | |
| Daniela Stawinoga |
Notes to editors:
About Camco
The Camco Group is a leading climate change business in the growing carbon and sustainable energy markets. We offer a full range of carbon-related services to public and private organisations worldwide. The Group has a 20-year track record and manages one of the world's largest carbon credit portfolios.
The Group consists of three business segments:
The Camco carbon assets business is a leading project developer with one of the world's largest carbon credit portfolios. We partner with companies to identify, develop and manage projects that reduce greenhouse gas emissions, and then arrange the sale and delivery of carbon credits to international compliance buyers and into the voluntary market.
The consulting practice consists of Bradshaw, ECCM, ESD and ESD Sinosphere. It combines specialist technical, strategic and financial expertise and experience accrued over two decades to deliver a sustainable low carbon society. We are positioned to work with our clients to turn climate change liabilities into economic, social and environmental assets.
Camco Ventures works with project and technology developers, early stage businesses and investor Groups to commercialise climate change mitigation technologies, projects and services. Part of this business is the Camco asset management vehicle.