Provisional planning consent for 49.9MW solar farm

RNS Number : 0464W

Good Energy Group PLC

20 December 2013

 



Good Energy Group plc announces provisional approval for its 49.9MW solar farm in Norfolk.

Good Energy Group plc ("Good Energy" or "the Group"), the AIM quoted renewable electricity supplier, is pleased to announce that provisional planning consent was granted on 19^th December for a 49.9MW solar farm in Norfolk. The resolution by the planning committee at North Norfolk District Council is subject to appropriate conditions and legal agreements being put in place before formal consent can be granted for the proposed solar park on a disused airfield at West Raynham near Fakenham. 

The proposed solar park would generate enough electricity to supply around 11,287 homes.

Juliet Davenport, OBE, Founder and CEO of Good Energy commented:

"This site will not only help Norfolk achieve its renewable energy targets, but will also see benefits to local people via a community fund and to the surrounding environment with a bespoke ecological plan for the site which has been disused for almost 20 years.

"It will also help Good Energy deliver its commitment to greater energy security and stability in the UK."

Good Energy recognises the historical significance of the airfield and is happy to comply with a unilateral undertaking that will offer £25,000 towards the repair of the nearby Grade II listed control tower.

Enquiries:

Good Energy Group plc Juliet Davenport, Chief Executive Garry Peagam, Group Finance Director	Tel. [phone]
N+1 Singer (Nominated Adviser and Broker) Andrew Craig / Ben Wright	Tel: [phone]

Notes to editors

·     Good Energy is a licensed electricity supplier. It ensures that all of its customers' demand is 100%
 matched with electricity from renewable sources over the course of 12 months, backed by
 Renewable Energy Guarantee of Origin certificates (REGOs).  To compare the fuel mix of other
 suppliers please visit: www.electricityinfo.org/suppliers.php

·     Subject to confirmation this announcement means that the Group now has a cumulative total
133MW of solar approved this year to date.

·     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's first corporate bond, which it promoted to its customer base, reached the £15
 million maximum subscription on 24th October 2013, three weeks ahead of schedule
 www.goodenergy.co.uk/bond

·     Good Energy has over 35,000 renewable electricity customers. In 2008, Good Energy added a gas product to its range. It now has more than12,000 gas customers.

·     Good Energy works with a community of over 55,000 small and medium scale renewable
 electricity generators.

·     Good Energy is the owner of Delabole Wind Farm, the UK's first commercial wind farm. It has
 targeted the development of 110MW of capacity of new renewable electricity generation assets by
 2016.

·     Good Energy is a founder member of the Social Stock Exchange.

·     Good Energy has recently won a number of awards and accolades, including:

o  Good Energy came top in the latest Which? Customer Satisfaction Survey for energy
 suppliers and has won first place in 3 of the last 4 years.

o  Good Energy won the Company of the Year Award in the British Renewable Energy Awards
 2013

o  In 2013, Good Energy was named as the best green electricity supplier by the UK's leading ethical and environmental magazine, Ethical Consumer.

·     The estimated annual output of the proposed solar park at West Raynham Airfield is 48,153 MWh.
 This figure is calculated using PV GIS sun hours data of 965 hours, multiplied by the installed
 capacity of 49.9MW. The estimated number of homes supplied is calculated using 48,153 MWh
 divided by 4.266, based on an average annual consumption of 4,266 kiloWatt hours (source
 Renewables UK/Advertising Standards Authority).

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