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Renewable Energy Gen (WIND)

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Tuesday 24 December, 2013

Renewable Energy Gen

Conditional Turbine Supply Agreement

RNS Number : 3266W
Renewable Energy Generation Ltd
24 December 2013
 



 

 

 

News Release                                                                                       24 December 2013

                                                                                                                                                                          

Renewable Energy Generation Ltd



Signing of Conditional Turbine Supply Agreement

 

Renewable Energy Generation Limited ("REG") (AIM: WIND), the UK renewable energy group, announces that it has entered into a turbine supply agreement with Vestas Celtic Wind Technology Limited ("Vestas") covering the supply of five V80 turbines to REG's 10MW project at St. Breock in Cornwall and four V90 turbines to REG's 8MW Ramsey Extension in Cambridgeshire. The turbine supply agreement is conditional upon completion of the project financing for both projects, which REG anticipates will be concluded early in the New Year. 

 

Andrew Whalley, Chief Executive Officer said:

 

"We are delighted to continue our long-standing relationship with Vestas through this agreement on St. Breock and Ramsey 2, both of which we expect to be operational next year. Our development portfolio is now beginning to bear fruit in terms of planning determinations and we hope to be able to increase the pace of our project construction next year".

 

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)

Martyn Fraser

+44 (0)117 376 2213



Cenkos (Corporate Broker)

Bobbie Hilliam/Max Hartley

+44 (0)20 73978900



City Profile

Simon Courtenay

+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, Bath and Guildford, UK, it currently operates 14 wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Lancashire, Cumbria and Gwynedd, with a total capacity of 67.15MW 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).

 

www.renewableenergygeneration.co.uk

 


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