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Novera Energy PLC (NVE)

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Monday 08 September, 2008

Novera Energy PLC

Planning Consent for Glenkeri

RNS Number : 9472C
Novera Energy PLC
08 September 2008
 



8 September 2008

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

Planning Consent for Glenkerie Wind Farm

The Board of Novera is pleased to announce that Scottish Borders Council has today approved the Company's 11-turbine Glenkerie Wind Farm, 5km north west of Tweedsmuir and 12km south east of Biggar, Scottish Borders. The wind farm's capacity will be 22-27MW, depending on turbine selection.

Glenkerie is Novera's second wind farm to be consented this year, taking the capacity of the Company's portfolio of wind sites in production or consented to over 100MW.  

Novera submitted the planning application to Scottish Borders Council in December 2007. The wind farm site is well elevated, remote from residential properties and currently comprises sheep-grazing, rough pasture and heather moorland.

Novera has accepted an offer from ScottishPower to provide a connection to the grid from Glenkerie. In addition, the Company is in discussions with several turbine suppliers to provide wind turbines for Glenkerie and other sites in its portfolio.  On this basis, the Company expects to start construction in 2009 and production in 2010.

Novera's consented and operating wind portfolio has now reached more than 100MW comprising one 15MW operational farm, a further 30MW under construction at Lissett Airfield, the consented 40-46MW A'Chruach Wind Farm and now the 22-27MW Glenkerie Wind Farm. The Company has three further sites in planning with an aggregate potential capacity of 32MW.  Novera is also pursuing a portfolio of other wind development opportunities to deliver its 250MW target for wind by 2011.


Commenting on the decision, Rory Quinlan, Chief Financial Officer of Novera, said: "The approval of Glenkerie today highlights good progress of our wind portfolio and re-affirms our approach to development.


For further information, please contact:


Gavin Anderson & Company 

(Public Relations)

Ken Cronin / Kate Hill / Michael Turner

Tel: +44 (0) 20 7554 1400

Oriel Securities Limited 

(Nominated Adviser)

Richard Crawley / Michael Shaw

Tel: +44 (0) 20 7710 7600


Notes to Editors:


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 more than 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 (consented)         

Glenkerie

22-27MW




Wind (in planning)     

Mountboy

6MW

Wind (in planning)         

Fleeter Wood

10MW

Wind (in planning)

Mynydd Clogau 2

16MW



For more details, visit www.noveraenergy.com


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