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26 Sep 2011 07:00
Renewable Energy Generation Ltd
Denzell Downs Wind Project
Renewable Energy Generation Limited ("REG") or the ("Company") (AIM: WIND), the UK renewable energy group, announces that Cornwall County Council has resolved to grant planning permission for the Company's wind project at Denzell Downs in Cornwall. REG anticipates that formal planning permission should be received in the next few weeks and will be subject to the normal three month legal challenge period. The planning application submitted was for five wind turbines, each 100m to the tip of the blades.
Andrew Whalley, Chief Executive Officer, said:
"The decision by Cornwall Council is welcome news and it is particularly pleasing to secure consent at local authority level, without recourse to the additional expense and delay of the appeal system. When operational the output generated by the wind farm will be sold into the local electricity network adding significantly to Cornwall's overall green electricity targets."
"The wind farm will also make a considerable contribution to the local community by way of upfront and annual payments. Local people will decide which local causes near the wind farm will be supported from a Community Fund which will run throughout the scheme's operating life. At a time of constrained government spending REG is absolutely delighted to be able to provide local funding in this manner."
ENDS
Enquiries:
Renewable Energy Generation Limited +44 (0)1483 901 790 Andrew Whalley, Chief Executive Officer David Crockford, Finance Director Ian Lawrence, Communications Manager
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Smith & Williamson Corporate Finance Limited (Nominated +44 (0)117 376 2213 Adviser) Nick Reeve / Martyn Fraser
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Evolution Securities (Corporate Broker) +44 (0)20 7071 4300 Garry Levin / Tim Redfern / Stuart Andrews
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Caroline Cecil Associates +44 (0)20 7610 4110 Caroline Cecil
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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 ten wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Cumbria and Gwynedd, with a total capacity of 41.15MW and has a development pipeline of over 1,000MW.
REG Bio-Power UK Ltd: based in Nottingham, UK: it operates electricity generation plant fuelled by waste vegetable 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
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