Novera Energy Share Discussion Threads

[sbs] 20/5/2009 20:16

Sold 1/3 at recent peak. I see it is almost up there again.

Looking for breakout to 75p - hopefully the new vigour in the oil price will give this another spur. It has to break 50p barrier convincingly first, and may need a new institution to provide impetus there.

[robson1974] 17/4/2009 14:47

Takeover of REG may give these a spur

[sbs] 11/3/2009 08:44

Interesting. Seem to be some big sellers left over from last year's action, with lots of other people steadily buying. If this is correct, then as soon as the overhang is mopped up, the price will readjust appropriately.

Demand presumably also helped by energy price rises.

[sbs] 25/2/2009 16:03

Dipped in here... Pleasantly surprised at the share volumes going through.

Long term, energy will go up in value, so their wind income should too.

[praipus] 23/2/2009 17:33

Results look good to me.



"Outlook
Under the European Union's Renewable Energy Directive, the UK has been set a
target of generating 15 per cent of its power from renewable energy sources by
2020. The UK Government has reported that, in 2007, only 4.9 per cent of total
electricity generation came from renewable sources while recent targets
published in the UK Renewable Energy Strategy call for this to increase to 30-35
per cent by 2020, highlighting the urgency to move quickly towards a lower
carbon economy."

[praipus] 12/2/2009 17:24

Very good news indeed: big boost to income and on budget people should be congratulated.

First Production from Lissett Wind Farm (Novera Energy)

RNS Number : 1930N
Novera Energy PLC
12 February 2009

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

First Production and Sales from Lissett Airfield Wind Farm

Novera is pleased to announce that its 30MW Lissett Airfield Wind Farm, located
in the East Riding of Yorkshire, has started production and sales.


The first turbine came into operation yesterday, with electricity exported
through the grid for sale to Scottish and Southern Energy (SSE). The remaining
turbines are due to be brought into production over the next few weeks. When
fully operational, Lissett is expected to produce approximately 74.5GWh (P50)
per annum.


The project, which is Novera's largest single development to date, is on track
to be delivered within the budget of GBP38.5m. This has been funded with a
GBP29.5m non-recourse project finance facility from Fortis Bank with the Company
having already funded its equity contribution.


A long term Power Purchase Agreement was agreed with SSE in November 2007. Under
this arrangement SSE will take all of the electricity and green benefits
(Renewables Obligation Certificates and Levy Exemption Certificates) generated
by the wind farm at market-related prices.
David Fitzsimmons, CEO of Novera, said: "We are delighted with this exceptional
achievement of first production and sales from Lissett just over two and a half
years after our initial planning application was submitted. This is a
significant milestone for the business and a testament of our ability to deliver
through our experience and capabilities in development, financing, construction
and operations."

[praipus] 12/2/2009 11:49

Good news IMHO.

[praipus] 02/2/2009 12:21

Mangal posted this on the JDT thread

mangal - 2 Feb'09 - 12:16 - 50 of 50


Brown's remarks on "Building the global low carbon recovery" :
"
Globally, it is estimated that environmental industries - renewable and nuclear energy, waste management, pollution control, energy efficient products and so on - are worth $4 trillion and are forecast to grow by 45 per cent over the next eight years.

So I believe that, through these measures, we can engineer a technological transformation that will be one of this century's key drivers of economic growth.
"

[praipus] 20/1/2009 11:07

Guy Hands view on the credit situation

[a0148009] 12/1/2009 12:13

The sellers seems to be drying up.
Directors buying recently.
Pipeline looks very promising the key is planning permission - once approved
substantial enhancement to value NAV considerably higher than current share price
UK Government strong support for alternative energy especially Wind Farms.
I am a holder. DYOR

AO

[praipus] 16/12/2008 13:59

From the FT

"In the 21st century, we know that the future of our economy and national security is inextricably linked with one challenge: energy," Mr Obama told a news conference. "All of us know the problems that are rooted in our addiction to foreign oil. It constrains our economy, shifts wealth to hostile regimes and leaves us dependent on unstable regions."

[praipus] 04/12/2008 17:14

Cant get the presentation to load

[praipus] 04/12/2008 17:10

Presentation

[praipus] 02/12/2008 21:21

Signs of distress at Terra Firma

[mdchand] 28/11/2008 10:09

nice write up here.

We are initiating coverage of Novera with an Outperform, Average Risk recommendation and target price of 80p

Investment Opinion
Novera is one of the leading quoted independent renewable energy companies in the UK. It has two primary assets, namely landfill gas operations and wind development. Growth is expected to come from already consented wind assets in the UK plus the development of its planning and preplanning
portfolio.

• LFG Assets Provide Good Cash Flow. The bulk of Novera's current electricity production comes from its 83MW of LFG assets spread across 57 sites in the UK. The strong cash flow from these assets on long-term power purchase agreements (PPA) provides a steady cash flow allowing the development of the wind assets through to the consent stage.

• Strong Wind Farm Development Programme. Novera has 92-103MW of consented assets which are being developed, and we expect production from Lissett Airfield in Q1 2009. In the longer term on a risk-weighted basis, we expect a total of 208MW of wind farm production by 2013.

• UK Has One of the Most Attractive Regulatory Regimes. The UK Renewable Obligation framework currently provides one of the most attractive regimes anywhere for renewable energy suppliers. Novera's assets are all in the UK and with a strong pipeline of projects recently consented, the revenue generation profile is improving.

• Electricity Pricing Trends Are Favourable. Although the LFG assets are largely spoken for with long-term PPAs, the wind farm assets should benefit from the open market pricing for electricity. The new wind farm at Lissett Airfield will achieve power pricing of ~£100 per MW hour compared to the £60 per MW hour achieved in the first half of 2008. This environment
has improved dramatically, and our long-term forecasts from Poyry indicate a very favourable return for generators.

Valuation and Recommendation

The two primary sources of value within Novera are the landfill gas assets and the wind farm portfolio. We have discounted cash flow valuations for both of these assets, which we have forecast for a 20-year period, and assume that the terminal value for both is then zero. Using our Weighted Average Cost of Capital of 8.7%, we derive a fair value of 80p per share for Novera and
initiate coverage with an Outperform recommendation.

[a0148009] 05/11/2008 10:19

There was a seller there but I am told he has finished, and in December I understand the party with 29.9% is free to go back to the Company.DYOR

AO

[praipus] 08/9/2008 15:12

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: [phone]
Oriel Securities Limited
(Nominated Adviser)
Richard Crawley / Michael Shaw
Tel: [phone]

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

END


Beauty so why the drop in share price?

[robson1974] 03/9/2008 04:49

welcome sign of confidence

[praipus] 02/9/2008 11:32

Nice gesture and perhaps a sign of confidence in the sector.

Director Shareholding (Novera Energy)

RNS Number : 4947C
Novera Energy PLC
02 September 2008


Novera Energy plc ("the Company")

Director Shareholding

The Company was notified on 1 September 2008 that on that date David Fitzsimmons, Chief
Executive, purchased 130,000 ordinary shares in
the Company at a price of 77 pence per share. Immediately following the purchase Mr.
Fitzsimmons gifted 20,000 ordinary shares to each of
his two adult children. Following these transactions Mr. Fitzsimmons has an interest in
793,187 ordinary shares representing 0.55% of the
issued share capital of the Company.


Enquiries:

Novera Energy plc
Rory Quinlan, Chief Financial Officer 020 7845 9720

Oriel Securities Limited (Nominated Adviser)
Michael Shaw 020 7710 7600



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

END

[praipus] 21/8/2008 17:56

very interesting presentation

[praipus] 21/8/2008 17:47

Just been browsing and thought others might like to view these.

28.2% Infinis

13.1% Modal

10% 3i Infrastructure Limited

[praipus] 20/8/2008 21:11

very strange IMHO take a look at this from the ECO thread



greenisgood - 20 Aug'08 - 19:29 - 128 of 129


For those unfamiliar with the significance of the recently announced EU CITL link-up to the UN system for ECO the following article from poweralternatives.com should explain:

"August 20, 2008
Carbon Trading: The EU And The UN Finally Get Their Ducks In A Row

By Ivor Watt

It may not have been widely heralded, but earlier this month it was announced that testing to establish communication between the UN and the European Union carbon registries had been successfully completed. Unheralded, yes, but for the EU's carbon trading system, and also for several UK-listed companies, vitally important.

Although the EU Emissions Trading System (ETS) is the most - indeed the only - established mandatory cap and trade system for carbon emissions in the world, it has been under threat of stalling of late, due to the lack of communication with the UN International Transaction Log. This disconnect was threatening to unhinge the relationship between polluters in the developed world and the creators of carbon credits in the developing world.

But the latest moves mean that carbon emissions reduction certificates created in the developing world under UN initiatives can now be transferred into the EU system, freeing up what was threatening to become a debilitating bottleneck in the system. The official launch of communication between the two systems hasn't happened yet but should do so before the end of the year.

The final confirmation of the two systems' ability to communicate removes one of the last major uncertainties in the EU's carbon trading system and should now allow member states to issue their national allocation plans for domestic industries, which determine how much carbon companies are allowed to emit. Some countries had been using the lack of communication as a reason to withhold their allocation plans, adding to the uncertainty about the system.

Confirmation of communication between the registries is of great significance to several companies that specialise in aggregating portfolios of carbon credits in the developing world, where they are issued under the auspices of the UN's Clean Development Mechanism, and then selling them into the EU system to companies who are overshooting their emissions targets. These carbon trading companies were facing up to a potential cash flow problem in that credits they had forward sold, or promised, to clients were stuck in the system and unavailable for physically delivery. As a result their payment for said credits was also held up.

But now Camco International, EcoSecurities and Trading Emissions can all continue to build their portfolios in the confidence that the credits produced can be sold into the EU system. Investors who have seen the value of their investments in these companies slide in the past year due to uncertainties in the system should begin to see the share prices in these companies recover, as they recover the ability to prove the value inherent in their portfolios. All three companies have seen their share prices suffer as investors have switched to more established sectors. In the meantime, sentiment toward carbon credit portfolio aggregators has not been helped by the demise of one-time rival AgCert, nor by a profit warning from EcoSecurities issued last year.

Another company which has been unaffected by such tribulations, but which will also welcome the news of the removal of further uncertainty from the EU ETS system is Climate Exchange. Climate Exchange has been one of the biggest successes on London's Alternative Investment Market (Aim) over the past year, as it has enjoyed being perceived as a proxy for the growth of the carbon trading market itself, through its operation of the European Climate Exchange, the dominant clearing platform for carbon trades in the EU. With volumes rising incessantly and Climate Exchange seemingly maintaining its market share, the the removal of further uncertainty can only help its cause.

As the carbon market continues to mature, and the communication between the two registries aids this, the participants who have struggled to establish themselves over the past few years may finally begin to see the fruits of their labours realised