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19 Dec 2014 07:00
19 December 2014
Renewable Energy Generation Ltd
Mynydd Portref Wind Farm
Renewable Energy Generation Limited ("REG") (AIM: WIND), the renewable energy group, today announces that Rhondda Cynon Taf Council has resolved to grant planning permission for the company's Mynydd Portref Wind Farm.
The project comprises six wind turbines with an expected installed capacity of 12MW. Formal planning permission is expected to follow shortly and subject to the expiry of the six week legal challenge period, the project is expected to enter construction in late 2015.
The wind farm is anticipated to generate around 30GWh per year, making it one of REG's most productive sites.
Andrew Whalley, REG Chief Executive Officer, said: "Mynydd Portref will be a very significant addition to our portfolio as it is extremely well placed to harness the excellent wind resource in this part of South Wales.
"It is also gratifying to achieve a resolution to grant consent at local authority level, demonstrating that well-sited wind farms can offer benefits to local communities and attract strong local support."
Enquiries:
Renewable Energy Generation Limited Andrew Whalley, Chief Executive Officer David Crockford, Finance Director Ian Lawrence, Communications Manager | +44 (0)1483 901 796 |
Smith & Williamson Corporate Finance Limited (Nominated Adviser) Martyn Fraser | +44 (0)117 376 2213 |
Cenkos (Corporate Broker) Bobbie Hilliam/Max Hartley | +44 (0)20 7397 8900 |
Broker Profile Simon Courtenay | +44 (0)20 7448 3244 |
Notes to editors
Renewable Energy Generation Ltd (REG) is an AIM listed 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 11 wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Lancashire, Cumbria and Gwynedd, with a total capacity of 34.7MW as well as 3 projects on behalf of its partner BlackRock totalling 28MW. REG has around 200MW of projects in the planning system awaiting consent.
REG Bio-Power UK Ltd: based in Nottingham, UK: it operates 26MW of 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).
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