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Turbine Order

8 May 2012 07:00

RNS Number : 8064C
Renewable Energy Generation Ltd
08 May 2012
 



8 May 2012

Renewable Energy Generation Ltd ("REG")

 

Turbine Order for Orchard End Wind Farm

 

Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK renewable energy group, today announces that it has purchased two Vestas V90 2MW wind turbines for its site at Orchard End in Lancashire.

 

The turbines are scheduled for delivery in early 2013 and the project is expected to be operational in the first quarter of 2013. The wind farm is anticipated to produce approximately 12.5GWh of output per annum. The project cost of Orchard End is expected to total around £5.5m, which will be funded in full from the existing cash resources of the company.

 

Andrew Whalley, REG Chief Executive Officer, said: "Orchard End has an excellent wind resource and will provide many years of sustainable energy for the local area. Additionally, REG, in common with its other wind projects, has provided a community scheme which will provide significant benefits to local causes over the life of the wind farm."

 

Enquiries:

Renewable Energy Generation Limited

Andrew Whalley, Chief Executive Officer

David Crockford, Finance Director

Ian Lawrence, Communications Manager

+44 (0)1483 901 790

Smith & Williamson Corporate Finance Limited

(Nominated Adviser)

Nick Reeve / Martyn Fraser

+44 (0)117 376 2213

Cenkos (Corporate Broker)

Bobbie Hilliam/Max Hartley

+44 (0)20 73978900

City Profile

Simon Courtenay/Abigail Genis

+44 (0)20 7448 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 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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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