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Novera Energy PLC (NVE)

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Wednesday 14 May, 2008

Novera Energy PLC

Result of AGM

RNS Number : 4662U
Novera Energy PLC
14 May 2008
 



Novera Energy plc ('Novera' or the 'Company')


Result of AGM



The Board of Novera announces that all resolutions proposed at the Company's AGM held earlier today were duly passed.


Proxy votes received were as follows:


Resolution

For

Against


Chairman's

Discretion

Withheld / Abstain







1

63,714,868 (99.9%)

0

(0.0%)

54,590 (0.1%)

3,020

2

63,696,568 (99.9%)

11,900

(0.0%)

54,590 (0.1%)

9,420

3a

63,714,868 (99.9%)

0

(0.0%)

54,590 (0.1%)

3,020

3b

63,707,044 (99.9%)

2,000

(0.0%)

60,414 (0.1%)

3,020

3c

63,714,868 (99.9%)

0

(0.0%)

54,590 (0.1%)

3,020

3d

63,712,368 (99.9%)

2,500

(0.0%)

54,590 (0.1%)

3,020

3e

63,698,868 (99.9%)

16,000

(0.0%)

24,590 (0.0%)

33,020

3f

63,713,868 (99.9%)

1,000

(0.0%)

54,590 (0.1%)

3,020

4

63,712,868 (99.9%)

2,000

(0.0%)

54,590 (0.1%)

3,020

5

63,707,868 (99.9%)

6,000

(0.0%)

54,590 (0.1%)

4,020


For further information, please contact:


Gavin Anderson & Company 

(Public Relations)

Ken Cronin / Kate Hill

Tel: +44 (0) 20 7554 1400


Oriel Securities Limited 

(Financial Adviser, Nominated Advisor and broker to Novera Energy plc)

Adrian McMillan / Michael Shaw

Tel: +44 (0) 20 7710 7600



Notes to Editors:


Novera Energy plc


Novera is a leading independent UK renewable energy company, with a portfolio of landfill gas, waste and wind assets and projects.  The Company has 122MW of power generation capacity at 58 sites. Novera employs over 150 members of staff.


Asset

Detail

Capacity

Landfill Gas

46 sites

87MW

Hydro

10 sites

16MW

Industrial

1 site

4MW

Wind (operational)     

Mynydd Clogau

15MW

Sub-total (operational)

122MW

Wind (in construction)

Lissett Airfield

30MW

Wind (consented)

A'Chruach

40-46MW

Wind (in planning)     

Mountboy

6MW

Wind (in planning)         

Fleeter Wood

10MW

Wind (in planning)         

Glenkerie

22-27MW

Wind (in planning)

Mynydd Clogau 2

16MW


A'Chruach Wind Farm

On 7 May 2008, Novera announced that Argyll and Bute Council had unanimously approved Novera's application for A'Chruach Wind Farm which was submitted in December 2007. This consent was one of the quickest in the history of the industry for a project of this size.

The Wind Farm will be in an area of commercial forestry, approximately 5km west north-west of Minard and 10km north north-east of Lochgilphead in Mid Argyll, Scotland. The twenty-turbine proposal is expected to have a generation capacity of between 40 and 46MW and has been under development since 2005. The layout proposed has been the result of the environmental studies undertaken over the last 18 months and consultations with a wide range of people and organisations including the local planning department and residents in the area.

Novera expects to start construction of the wind farm in 2010 with commercial operation commencing later that year or 2011. When fully operational, the A'Chruach Wind Farm will generate enough renewable electricity for 25,720 homes*, representing 64% of the population of Argyll and Bute

* Based on 4,700kWh average annual household electricity consumption, recommended by BWEA and sourced from BERR (previously DTI) Digest of UK Energy Statistics, 2005).


For more details, visit www.noveraenergy.com


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