Good Energy welcomes RO support for solar

RNS Number : 8372T

Good Energy Group PLC

18 December 2012

 



18 December 2012

Good Energy Group plc

Good Energy welcomes Renewable Obligation support for solar projects

Good Energy Group plc  (AIM: GOOD) ("Good Energy" or the "Company"), owner of Good Energy Limited, the UK's leading 100% renewable electricity supplier, notes today's announcement from the Department of Energy and Climate Change confirming Renewables Obligation support rates for solar installations, providing greater levels of incentive for the installation of solar projects in the UK than previously proposed.

Commenting on the announcement, Juliet Davenport, Chief Executive of Good Energy Group plc, said:

"Today's announcement is good news, and will ensure that the technology can play a leading role in our plans to develop 110MW of new renewables generation capacity by 2016. These rates will allow the establishment of large scale solar in the UK, and create economies of scale and efficiencies for years to come.

"Solar is increasingly one of the most cost-effective renewable technologies we have available to us. It's easy to deploy, popular with the public and the way it generates electricity compliments other renewable technologies such as wind. We can be confident that solar power has a sustainable future in the UK."

Enquiries:

Good Energy Group plc    Juliet Davenport, Chief Executive	01249 766 795
N+1 Singer (Nominated Adviser & Broker)   Andrew Craig, Ben Wright	020 7496 3000
Kreab Gavin Anderson (Financial PR Adviser) Ken Cronin, Andrew Jones	020 7074 1800

Notes to Editors

-     Good Energy Group plc is listed on the AIM market of the London Stock Exchange. For more information please visit: www.goodenergygroup.co.uk

-     Good Energy sources all its electricity from renewable generators. To compare the fuel mix of other suppliers please visit: www.electricityinfo.org/suppliers.php

-     Good Energy supplies over 30,000 homes and businesses across the UK

-     Good Energy also supports a pioneering community of more than 40,000 renewable generators that use wind, small-scale hydro, solar power and sustainable biomass to generate heat and power

-     In 2008, Good Energy added a Gas product to its range. It now has over 6,700 gas customers

-     Good Energy has recently won a number of awards, including:

o  Good Energy has come top in the latest Which? customer satisfaction survey for energy suppliers in 2010 and 2012

o  Juliet Davenport won PLUS markets CEO of the Year in 2009, 2010 and 2012 and Good Energy won the 2012 PLUS markets Investor Communication of the Year

o  Juliet Davenport named CEO of the Year and overall winner at People and Environment Business Awards 2012

o  Juliet Davenport named 'First Woman of Retail and Consumer' at First Women Awards 2011

 

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