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Renewable Energy Gen (WIND)

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Wednesday 26 November, 2014

Renewable Energy Gen

New 18MW Bio-Power Plant Comes Online

RNS Number : 9900X
Renewable Energy Generation Ltd
26 November 2014
 



26 November 2014

 

Renewable Energy Generation Ltd

 

New 18MW Bio-Power plant comes online

 

 

Renewable Energy Generation Limited ("REG") (AIM: WIND), the renewable energy group, announces that its 18MW Bio-Power project at Whitemoor in Yorkshire has successfully completed its commissioning programme and is now available to generate power under the National Grid's Short Term Operating Reserve ("STOR") service. The plant will receive availability payments for standing by during specified periods and utilisation payments when supplying power to National Grid to meet unscheduled generation needs or demand. The project, REG's largest capacity plant powered by its patented bio-liquid LF100, has been constructed by Finning who will also operate it under a long term operations and maintenance contract.

 

Andrew Whalley, Chief Executive Officer said:

 

"The addition of Whitemoor into our fleet of projects powered by our patented bio-liquid is significant. Not only does it increase REG Bio-Power's operational output to 26MW but is also the first successfully built and commissioned project of its type in the UK.

 

"Our fleet is well-equipped to meet the demands of the STOR service and we aim to deploy further state-of-the-art rapid response generation plant to help address the UK's current capacity shortage."

 

Enquiries:

Renewable Energy Generation Limited

Andrew Whalley, Chief Executive Officer

David Crockford, Finance Director

Ian Lawrence, Communications Manager

+44 (0)1483 901 796

Smith & Williamson Corporate Finance Limited

(Nominated Adviser)

Martyn Fraser

+44 (0)117 376 2213

Cenkos (Corporate Broker)

Bobbie Hilliam/Max Hartley

+44 (0)20 7397 8900

Broker Profile

Simon Courtenay

+44 (0)20 7448 3244

 

Notes to editors

Renewable Energy Generation Ltd (REG) is an AIM listed 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 11 wind projects in Cambridgeshire, Cornwall, County Durham, Yorkshire, Lancashire, Cumbria and Gwynedd, with a total capacity of 34.7MW as well as 3 projects on behalf of its partner BlackRock totalling 28MW. REG has around 200MW of projects in the planning system awaiting consent.  

REG Bio-Power UK Ltd: based in Nottingham, UK: it operates 26MW of 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).


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