Renewable Energy Generation Ltd
St Breock Wind Farm Repowering Project
Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK renewable energy group, announces that the Strategic Planning Committee of Cornwall Council has voted to grant planning permission for a 10MW wind farm.
REG expects formal consent to follow shortly and, subject to the subsequent statutory three month legal challenge period, anticipates the project moving into construction in 2013.
The application is for five 100 metre turbines to replace the existing eleven turbines erected on St Breock Downs in 1994. REG acquired the operating wind farm in 2010 with the aim of repowering the site to approximately treble its energy generation.
Andrew Whalley, REG Chief Executive Officer said:
"Achieving a resolution to grant permission at local authority is always welcome and we were heartened by the Council's endorsement of our approach to local engagement and community benefits. Cornwall Council's decision is particularly pleasing as it demonstrates the value of our willingness to pursue less conventional projects. St Breock is an extremely energetic site and we will aim to progress the scheme into construction quickly through our in-house team once the statutory challenge period expires."
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
Nick Reeve / Martyn Fraser
+44 (0)117 376 2213
Cenkos (Corporate Broker)
Bobbie Hilliam/Max Hartley
+44 (0)20 7397 8900
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 11 wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Cumbria and Gwynedd, with a total capacity of 51.15MW 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).