Press Release 14 July 2008
Renewable Energy Generation Limited
("REG" or the "Group")
Planning approval granted for Loscar Wind Farm
Renewable Energy Generation Limited (AIM: RWE), the international renewable energy group, today announces that it has received planning approval for its wind project of approximately 4MW at Loscar near Rotherham, South Yorkshire in the United Kingdom.
The three turbine project is located in a green belt area and was considered by the Local Planning Authority (LPA) in March this year. It gained significant majority support from the planning committee members, having been recommended for approval by the planning officer.
Given the location, the LPA referred the project to the Regional Government Office which has now confirmed that it does not consider any action by the Secretary of State is warranted.
Subject to the satisfactory discharge of planning conditions, turbine orders will be placed and power production is expected to begin in 2009.
Commenting on developments, Andrew Whalley, Chief Executive Officer of REG, said:
"In the past 18 months, we have commissioned four new wind farms in the UK and we have a further two projects in construction currently. Loscar is a welcome further addition to our UK programme. "
REG will be announcing a pre-close trading statement on 23 July 2008.
ENDS
Contacts:
Renewable Energy Generation Limited Tel: +44 (0)14 8340 0444
Andrew Whalley, Chief Executive Officer
David Crockford, Finance Director
Numis Securities Limited (Nomad for REG) Tel: +44 (0)20 7260 1000
Charles Farquhar, Anthony Richardson, Jag Mundi
Hogarth Partnership Tel: +44 (0)20 7357 9477
Julian Walker, Sarah MacLeod, Vicky Watkins
Notes to Editors:
Renewable Energy Generation Ltd (REG) is a world-leading renewable energy group. The Group's main business is the development, construction and operation of wind farms in the UK and Canada. It also generates power from refined used cooking oil in the UK.
The Cornwall Light & Power Co. Ltd: based in Cornwall, UK, it currently operates five wind projects in Cornwall, County Durham, Cumbria and Gwynedd, with a total capacity of 17.7MW and has a development pipeline of around 200MW.
AIM PowerGen Corporation: based in Toronto, Canada, AIM PowerGen Corporation is one of Canada's largest independent wind developers and has a pipeline of over 4,000MW of potential wind projects across seven provinces.
REG Bio-Power UK Ltd: based in Norfolk, UK, it operates electricity generation plant fuelled by refined used cooking oil.
Headquartered in Guernsey, REG was admitted to trading on AIM, a market operated by the London Stock Exchange, in May 2005 (AIM:RWE).
www.renewableenergygeneration.co.uk