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Novera Energy Ltd (NVE)

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Friday 19 May, 2006

Novera Energy Ltd

NMRE Sells German Wind Farms

Novera Energy Ltd
19 May 2006

                                                                     19 May 2006

                              NOVERA ENERGY LIMITED
                           NMRE Sells German Wind Farms

Novera Energy Limited (AIM: NVE), the leading independent renewable energy
generator in the UK, today announces that its 50:50 joint venture company,
Novera Macquarie Renewable Energy ('NMRE') has agreed to sell its two German
wind farms. The company will make a gain on the sale of the assets of £0.1
million and will receive £1.1 million in net proceeds.

The wind farms were acquired by NMRE in May 2005. Novera and NMRE had been
negotiating with the vendor to acquire additional wind farms in Germany, however
the parties were unable to reach agreement on terms.  As a result of not being
able to achieve significant scale in Germany, the wind farms have become
non-core to NMRE's and Novera's operations.  Following the sale, NMRE will have
an operating capacity of 128MW.

Novera is focussed on renewable power generation in the UK with a portfolio
consisting of wind development, landfill gas (in the NMRE joint venture) and the
advanced thermal treatment of waste to create energy. Novera will be reinvesting
its part of the sales proceeds in its other business development activities.

David Fitzsimmons Novera CEO commented:

'Novera continues to make good progress on its UK wind and waste portfolio.  The
company supports NMRE's decision to divest its interest in two small wind farms
in Germany.  Novera plans to reinvest the proceeds in its other UK based

For further information:

 Novera Energy Limited                               Hudson Sandler
 David Fitzsimmons, Chief Executive                  Nick Lyon / James Benjamin
 Rory Quinlan, Chief Financial Officer               Tel: +44 20 7796 4133
 Tel:  +44 20 7845 9720


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