Rooftop wind energy system

Scottish & Southern Energy PLC 28 October 2004 SCOTTISH AND SOUTHERN ENERGY INVESTS IN ROOFTOP WIND ENERGY SYSTEM Scottish and Southern Energy plc ('SSE') has entered into an agreement under which it expects to acquire, over a 30 month period, 20% of the share capital of Renewable Devices Swift Turbines Ltd (previously named Renewable Devices Ltd), for a total cash consideration of £293,000. Renewable Devices Swift Turbines is an Edinburgh-based technology company which was founded in 2002. It has developed what is believed to be the world's first feasible rooftop-mountable wind energy system, which is designed to be quiet running, planning-compliant and capable of delivering significant amounts of energy to businesses, offices and homes. It is estimated that around one quarter of all the UK emissions of CO2 and greenhouse gasses comes from household use of fossil fuels and the technology incorporated in the Swift Rooftop Wind Energy SystemTM assists in reducing these emissions by generating electricity on-site. There are Clear Skies and SCHRI grant schemes available to assist customers wishing to install small-scale renewable energy technologies such as Swift wind turbines. Under the agreement, SSE and Renewable Devices Swift Turbines will work in partnership to manufacture, market and install the Swift Rooftop Wind Energy SystemTM to gas and electricity customers throughout the UK. SSE expects to place around 2,000 orders for the system, worth up to a total of £9m, over three years. The joint project therefore represents a multi-million pound investment by SSE which will enable them to take this innovative new technology to the market in conjunction with Renewable Devices Swift Turbines. The Swift augments existing electricity systems, is rooftop-mounted and not space-intensive, is simple to install, demands no user-management and should be available at a fraction of the costs of existing comparable systems. A typical device should provide about 30% of the electricity needs of a typical semi-detached house, reducing carbon dioxide emissions by around 1.8 tonnes per annum. Ian Marchant, Chief Executive of SSE, said: 'SSE is by some distance the UK's largest generator of electricity from renewable sources, and I am delighted that this partnership with Renewable Devices Swift Turbines will enable us to provide small-scale renewable devices to energy customers throughout the country. While the product will be of interest to customers who are particularly interested in environmental issues, it should, in the future, also provide ongoing cost savings for all customers. It will give us an opportunity to build longer-term partnerships with energy customers within the context of a developing energy services market in the UK. We expect to begin marketing an expanded range of energy services, including rooftop turbines, in the course of 2005.' Dr David Anderson, a Director of Renewable Devices Swift Turbines said: 'We are delighted to be working with Scottish and Southern Energy on this exciting micro-generation project. Combining with SSE's expertise as the UK's largest renewable energy company will enable us to bring this exciting and innovative wind energy product to the market. This is a wonderful example of one of Scotland's largest companies working together with an innovative, emerging business. It is clear that the wind turbines delivered by this joint project will be good for the environment, good for the economy and good for electricity users.' For further information please contact: Scottish and Southern Energy Tel : 0870 900 0410 Alan Young - Director of Corporate Communications Julian Reeves - Communications Manager This information is provided by RNS The company news service from the London Stock Exchange

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