Renewable Energy Generation Share Discussion Threads

[praipus] 14/7/2008 13:58

Alternative thread

[praipus] 14/7/2008 13:55

Good news:)

Planning approval granted for Loscar Wind Farm (Renewable Energy Gen)




RNS Number : 9385Y
Renewable Energy Generation Ltd
14 July 2008



Press Release 14 July 2008


Renewable Energy Generation Limited
("REG" or the "Group")

Planning approval granted for Loscar Wind Farm


Renewable Energy Generation Limited (AIM: RWE), the international renewable energy group,
today announces that it has received planning
approval for its wind project of approximately 4MW at Loscar near Rotherham, South Yorkshire
in the United Kingdom.

The three turbine project is located in a green belt area and was considered by the Local
Planning Authority (LPA) in March this year.
It gained significant majority support from the planning committee members, having been
recommended for approval by the planning officer.

Given the location, the LPA referred the project to the Regional Government Office which
has now confirmed that it does not consider any
action by the Secretary of State is warranted.

Subject to the satisfactory discharge of planning conditions, turbine orders will be
placed and power production is expected to begin in
2009.

Commenting on developments, Andrew Whalley, Chief Executive Officer of REG, said:

"In the past 18 months, we have commissioned four new wind farms in the UK and we have a
further two projects in construction currently.
Loscar is a welcome further addition to our UK programme. "

REG will be announcing a pre-close trading statement on 23 July 2008.


ENDS


Contacts:

Renewable Energy Generation Limited Tel: [phone]
Andrew Whalley, Chief Executive Officer
David Crockford, Finance Director

Numis Securities Limited (Nomad for REG) Tel: [phone]
Charles Farquhar, Anthony Richardson, Jag Mundi

Hogarth Partnership Tel: [phone]
9477
Julian Walker, Sarah MacLeod, Vicky Watkins






Notes to Editors:

Renewable Energy Generation Ltd (REG) is a world-leading renewable energy group. The
Group's main business is the development,
construction and operation of wind farms in the UK and Canada. It also generates power from
refined used cooking oil in the UK.

* The Cornwall Light & Power Co. Ltd: based in Cornwall, UK, it currently operates
five wind projects in Cornwall, County Durham,
Cumbria and Gwynedd, with a total capacity of 17.7MW and has a development pipeline of around
200MW.
* AIM PowerGen Corporation: based in Toronto, Canada, AIM PowerGen Corporation is one
of Canada's largest independent wind
developers and has a pipeline of over 4,000MW of potential wind projects across seven
provinces.
* REG Bio-Power UK Ltd: based in Norfolk, UK, it operates electricity generation plant
fuelled by refined used cooking oil.

Headquartered in Guernsey, REG was admitted to trading on AIM, a market operated by the
London Stock Exchange, in May 2005 (AIM:RWE).

www.renewableenergygeneration.co.uk


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

END

[praipus] 14/7/2008 13:54

Renewable Energy Generation Ltd (REG) (Edit LSE:RWE) is a world-leading renewable energy group. The Group's main business is the development, construction and operation of wind farms in the UK and Canada. It also generates power from refined used cooking oil in the UK.

* The Cornwall Light & Power Co. Ltd: based in Cornwall, UK, it currently
operates five wind projects in Cornwall, County Durham, Cumbria and Gwynedd,
with a total capacity of 17.7MW and has a development pipeline of around 200MW.

http://www.clpwindprojects.co.uk

* REG Bio-Power UK Ltd: based in Norfolk, UK, it operates electricity
generation plant fuelled by refined used cooking oil.

30 June - Financial Year End





For REG Renewable Energy Generation PLC LSE:RWE news best to got to the website

[praipus] 14/7/2008 13:47

QAZWSX123 are you still here?

I'm proposing to start a new thread due to the header title being a bit misleading now. The company has approx 4000 MW of wind power proposed in Canada.

[praipus] 04/7/2008 11:31

RNS Number : 2866Y Renewable Energy Generation Ltd 03 July 2008

For filings with the FSA include the annex For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares


1. Identity of the issuer or the underlying Renewable Energy


issuer of existing shares to which voting rights Generation are attached:

2. Reason for notification (yes/no)
Yes


An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights

Other (please specify):______________


3. Full name of person(s) subject to Lehman Brothers
notification obligation: International
(Europe)




N/A
4. Full name of shareholder(s) (if different from 3):


23/06/08
5. Date of transaction (and date on which the threshold is crossed or reached if different):


24/06/08
6. Date on which issuer notified:
13%


7. Threshold(s) that is/are crossed or reached:

8: Notified Details N/A A: Voting rights attached to shares


Class/type of shares Situation previous to the triggering Resulting situation after the triggering transaction


If possible use ISIN transaction code
Number of shares Number of voting Number of shares Number of voting rights Percentage of voting
rights rights
Direct Indirect Direct Indirect
GB00B0717F94 12,468,400 12,468,400 13,508,400 13,508,400 N/A 13.10% N/A


B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument Expiration date Exercise/ conversion No. of voting rights Percentage of voting
period/date that may be acquired rights
(if the instrument
exercised/converted)




N/A

Total (A+B)

Number of voting rights Percentage of voting rights
13,508,400 13.10%


9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:


N/A

Proxy Voting:


10. Name of proxy holder: N/A
11. Number of voting rights proxy holder will cease to hold: N/A


12. Date on which proxy holder will cease to hold voting rights: N/A

13. Additional information: N/A


14 Contact name: Tara O'Hagan / Olanike Bola-Lateef


15. Contact telephone name: [phone] / [phone]

For notes on how to complete form TR-1 please see the FSA website.

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


END

[praipus] 01/7/2008 14:59

Hi Mrx9000,

Not sure. ADVFN figures seem out of date.

Analysis (via Selftrade) gives PE of 0 for 2007 .

For 2008 they say PE of 157.

For 2009 a PE of 18.

It is worth noting they are forcast 0% growth for 2007 and 2008 but stating 857 % growth in 2009!

I suspect this is Wind Farms becomming operational and EUA/CER credits and refinancing being factored in or more incoorect fugures.

So cant be sure.

Interesting announcement yesterday (on the company website) about the refinancing of the Canadian Wind Farms.

I'm no expert so please DYOR too.

[mrx9000] 28/6/2008 14:16

Is the PE figure ADVFN quote 86 correct ?

[praipus] 19/6/2008 09:26

Lumpy trades going through. Oil,gas and electricity heading higher shouldnt the share price be following?

[praipus] 29/5/2008 17:05

From SSE's prelims

"Future Investment Priorities in 2008/09 and beyond
In the five years from April 2003, SSE's capital and investment expenditure totalled
£2.65bn, and in the period following its investment
in gas distribution in June 2005, SSE's share of SGN's capital and replacement expenditure was
£453.5m.

Capital and investment expenditure will continue to be substantial during 2008/09, at
around £1.3bn, and subsequently. Over the five
years to 2013, it is projected to total around £6.7bn and will be focused on projects in line
with SSE's core purpose of providing energy in
a reliable and sustainable way.

Around 45% of this investment is expected to be directed towards renewable energy
developments. In addition, SSE expects to invest
around £1.2 billion in gas- and coal-fired generation, around £1.75 billion in electricity
networks and around £600m in a number of other
areas, such as gas storage. The result of this will be a significantly enhanced asset base and
additional cash flows, which will support
future dividend growth."

[praipus] 02/5/2008 11:32

Lehman Brothers International (Europe) Limited ....buying more.

[praipus] 22/4/2008 17:38

Artemis I think may be in some kind of trouble I've noticed theyve sold a few other holdings down and wonder if they are the cause of the downward pressure here too. Tough times.

Get the impression from the status of projects on the RWE website this year could be good in terms of projects completeing and therefore cash being generated. However if Artemis were to dump 16% of the stock might not be ideal for us minnow's in the short term.

[praipus] 15/4/2008 15:08

Iberdrola studying British Energy stake buy amongst other projects




MADRID (Thomson Financial) - Iberdrola SA is studying the opportunity to buy
the UK government's stake in British Energy, amongst other projects, chairman
Ignacio Sanchez Galan said.
Speaking to reporters, Sanchez Galan said that given its presence in the UK,
Iberdrola has a "responsibility" to look at every opportunity in the country.
But, he declined to provide further information on whether the Basque
utility has asked to see British Energy's books.
The UK government plans to sell its 35.2 percent stake in the operator,
which runs eight of the country's ten nuclear power plants.
RWE reportedly made an indicative all-cash offer of close to 700 pence a
share for British Energy before March 17, the day the UK company confirmed talks
that could lead to a full takeover.
Last year, Iberdrola acquired Scottish Power PLC.


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The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.

[praipus] 11/4/2008 09:12

Renewable Energy says continuing to perform well in core wind markets

LONDON (Thomson Financial) - Renewable Energy Generation Ltd., said it
continues to perform well in its core wind markets in the United Kingdom and
Canada, and tha progress in project development and construction remains in line
with its expectations.
In a statement prepared for the company's AGM today, it said the development
of its used cooking oil business continues to exceed its expectations, and in
the past six months, REG Bio-Power has placed orders for twenty-two generating
units using Volvo engines, of which most have already been delivered.
The company said its wholly owned Canadian subsidiary APG recently received
notice that the Manitoba Hydro utility will be focusing discussions for the time
being with one of the other short-listed bidders in the 300 MegaWatt RFP.
However, the utility has advised APG it may re-engage with them at a later date
on its Dominion City project. Therefore, this project and another APG 100MW
project in Manitoba are on hold until further word from the utility.
Renewable Energy said after achieving positive cash flow and, with a track
record of completing projects on time and on budget and a strong development
pipeline, it looks forward to the future with confidence.
[e-mail]
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[praipus] 09/4/2008 17:26

Airtricity was sold for about £1.8 billion. Generates 400 MW and had 10,000 MW under development.

RWE has market cap of £117 million. Generates 17.7 MW and has approx 4,000 MW under development.

So assuming the premium was for the Wind Energy underdevelopment should the RWE valuation market CAP be nearer £760 million or 6.15 times current share price ?

£1.15 * 6.15 = £7.0725

Any thoughts?

[praipus] 25/2/2008 14:46

pucpucpuc where did you get 3MW from?

[pucpucpuc] 23/2/2008 09:19

Can somebody please explain why the energy produced is only 3 MW on average ? 3MW is an absolutely pathetic production figure, more or less that of a a couple of truck engines !! Something really wrong in the figure reported. Is this the usual scam with those boffins ?

[praipus] 29/10/2007 22:19

FT REPORT - FUND MANAGEMENT: 'Wall of money' set to flow into Asian renewable energy
By William Barnes, Financial Times
Published: Oct 29, 2007


Green investors, pension funds and private equity managers have a "wall of money" poised to flow into renewable energy ventures in Asia where demand for energy is growing exponentially, say observers. Investable opportunities may remain frustratingly elusive but the sector could soon explode into life.

Few doubt that sustainable energy in Asia could be lucrative, offer acceptably safe returns and be environmentally appealing with energy consumption in the region currently rising at almost 30 per cent a year - if regional authorities were not so focused on typically cheaper traditional fossil fuels.

"We are kind of stuck at the moment. We've got quite high-risk capital coming in but not much in the way of investment one step up from that," says Melissa Brown, executive director of the Association for Sustainable and Responsible Investment in Asia.

"It's the classic Asian dilemma: immense potential but you don't know when you are going to get the commercial structures to make it work," adds Ms Brown.

Biofuel has fallen out of fashion, with controversy raging over its efficiency and its potential to damage food supplies. Some Asian governments, notably India and Thailand, have already said they want no food crops diverted into biofuels.

In Europe, wind and solar power as well as biomass generators have flourished because government targets, such as the European Union's goal that 20 per cent of all energy should come from renewable sources by 2020, have created opportunities. Asia's high-stakes energy scramble has a decidedly more hard-nosed, mercantilist edge with the energy demands of the big emerging economies needing immediate solutions. Biomass and mini power plants have been shunned by state energy companies.

Many green funds have merely been able to screen for "bad" companies. The Henderson Industry of the Future fund invests in Chinese solar cell manufacturers such as Suntech Power and JA Solaralthough Chinese solar panels are almost invariably shipped overseas. It also invests in wind turbine makers that now trade on high price/earnings ratios, such as China High-Speed which makes windmill gears.

The stasis in renewables investment would not last forever, said Tim Dieppe, manager of Henderson's Future fund.

Investment in renewables climbed to more than $100bn in 2006 from $80bn in 2005, according to the recent United Nations Environment Programme report . Just 2 per cent of current global power generation comes from renewable sources but it takes 18 per cent of new investment. The US and the EU account for 70 per cent of new investment but Asia is "growing quickly", with China taking 9 per cent, mostly in wind and biomass, the report says.

"Asian governments can learn from Europe. If national grids will guarantee to take energy from a renewable plant for 25 years, all of a sudden you have a project that, tied with others, will interest a pension fund looking for a safe, decent yield. In the end it comes down to risk and return," says Ben Warren, a director in consultancy Ernst & Young's renewables team. Global investment in renewable energy will increase sevenfold over the next decade to more than $750bn, the consultancy calculated recently. China's oil and gas investments in 50 countries clearly signal its worries over its ability to fuel an economic growth rate taking it towards mass car and air-conditioner ownership. China now has a target of 10 per cent renewable energy by 2020 and India (quickly acquiring similar problems) has a target of 10 per cent by 2012.

"Every country will do it differently but the combination of pressures is going to produce something important. Three or four years ago there wasn't much investor interest. Now there's a lot," says Eric Usher, head of the UNEP's Renewable Energy and Finance Unit .

A score of big private equity funds are actively searching for renewable and clean technology opportunities in Asia, according to the New Energy Finance newsletter. Elsewhere, the Asia-Pacific Carbon Fund , backed by the Asian Development Bank closed at over $150m this summer.

The Peony Fund is promoting clean technology in China with $100m in seed money from Bill and Melinda Gates. Man Investments

has raised more than $300m for its China Methane Recovery fund .

Fund managers should avoid "technology traps", the one technology solution, says Mark Campanale, a pioneer of sustainable investment analysis and a director of London Bridge Capital. "Wind turbines might work better in tandem with storage devices to release energy at peak demand," he suggests.

Mr Campanale says current moves in Asia do not add up to a managed fund explosion, but something is afoot.

[praipus] 29/10/2007 21:50

More good news....

Renewable Energy Gen Director/PDMR Shareholding

RNS Number:5725G
Renewable Energy Generation Ltd
29 October 2007

29 October 2007

Renewable Energy Generation Ltd

("REG", "the Company" or "the Group")



Director's Dealings


In accordance with Rule 17 of the AIM Rules, Renewable Energy Generation (AIM:
RWE), the developer, owner and operator of renewable energy projects, announces
today that the following share purchase has taken place:-

N17 Limited, a company associated with Nigel Le Quesne, Non-Executive Director,
has purchased 23,000 Ordinary Shares of 10p each in the Company at a price of
112p per share. As a result, Mr Le Quesne is now beneficially interested in
23,000 Ordinary Shares in the Company.

Enquiries

Renewable Energy Generation
Andrew Whalley, Chief Executive Officer [phone]

Numis Securities Limited [phone]
Charlie Farquhar
David Shapton

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

[praipus] 17/10/2007 22:04

Renewable Energy Gen Renewable Energy CEO, chairman buy stake in co




LONDON (Thomson Financial) - Renewable Energy Generation Ltd said chief
executive Andrew Whalley purchased 232,017 shares in the company at 107 pence
each, lifting his beneficial interest to 262,017 shares.
The renewable energy company also said chairman Michael Liston purchased
23,131 shares in the company at 107 pence each.



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[praipus] 17/10/2007 16:29

Directors think its good news

Renewable Energy Gen Director/PDMR Shareholding

RNS Number:8940F
Renewable Energy Generation Ltd
17 October 2007

17 October 2007


Renewable Energy Generation Ltd

("REG", "the Company" or "the Group")

Director's Dealings

In accordance with Rule 17 of the AIM Rules, Renewable Energy Generation (AIM:
RWE), the developer, owner and operator of renewable energy projects, announces
today that three of the directors have purchased the following shares:-

Michael Liston, Chairman, has purchased 23,131 Ordinary Shares of 10p each in
the Company at a price of 107p per share. As a result, Mr Liston is now
beneficially interested in 23,131 Ordinary Shares in the Company.

Andrew Whalley, Chief Executive Officer, has purchased 232,017 Ordinary Shares
of 10p each in the Company at a price of 107p per share. As a result, Mr Whalley
is now beneficially interested in 262,017 Ordinary Shares in the Company.

Nigel Syvret, Non-Executive Director, has purchased 23,000 Ordinary Shares of
10p each in the Company at a price of 107p per share. As a result, Mr Syvret is
now beneficially interested in 23,000 Ordinary Shares in the Company.

Enquiries

Renewable Energy Generation
Andrew Whalley, Chief Executive Officer [phone]


Numis Securities Limited [phone]
Charlie Farquhar
David Shapton

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

[praipus] 17/10/2007 15:10

Nice deal....

Renewable Energy Gen Renewable Energy sells Tymien wind project stake to Invenergy for 10 mln stg

LONDON (Thomson Financial) - Renewable Energy Generation Ltd (REG), a
developer of renewable energy projects, has sold its stake in the Tymien wind
project in Poland to its equity partner Invenergy for 10 mln stg in cash.
The 50 MW Tymien wind farm is on the Baltic coast. REG invested 8.06 mln stg
into the project and dividends have been received totalling just under 700,000
stg.
Andrew Whalley, REG chief executive officer, said: "The disposal of Tymien
provides an early, handsome return on investment together with cash which can be
redeployed immediately in the Company's accelerating wind project construction
programme in the UK and Canada."

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[sruk77] 20/5/2007 12:07

Would like to share this article from today's Independent...

Renewable energy: The tide turns:

[maiseymouse] 11/5/2007 13:14

i didn't think anyone covered this mob