Renewable Eng. Share Discussion Threads

[ronan7] 25/2/2014 12:03

I have the buyers' notifications but not the seller's. The updates happen quarterly, but until I know the seller, any update would overstate the share cap.



You will not that the buyers have been Fidelity (+4.3m) and Premier Fund Managers (+5.0m)



Kind regards,
-------------------------------------

copy of email between me and the company

[b1lbo] 24/2/2014 18:37

Fidelity International a well known Institution was the buyer. Who was the seller?

[ronan7] 24/2/2014 12:03

Company Overview

FIL Investments International is a privately owned investment manager. It launches and manages equity mutual funds and launched fixed income mutual funds for its clients. The firm invests in the public equity and fixed income markets across the globe. It provides Asian, European, Japanese, and special values trusts. The firm was founded in 1979 and is based in Tadworth, United Kingdom. FIL Investments International operates as a subsidiary of Fidelity Management & Research Company.



Beech Gate

Millfield Lane

Lower Kingswood

Tadworth, KT20 6RP

United Kingdom

Founded in 1979



Phone:

44 1732 361 144


Fax:

44 1732 838 886


www.fid-intl.com


Key Executives for FIL Investments International


Mr. Julian Chesser

Chief Operating Officer


Mr. Matthew Richardson

Head of Research - European Real Estate



Mr. Dominic Michael Joseph Rossi

Global Chief Investment Officer for Equities



Ms. Rebecca Burtonwood

Company Secretary


Mr. Adrian Dharshan Benedict

Investment Director

[ronan7] 24/2/2014 11:57

nope just seen it

will look into it

[praipus] 24/2/2014 11:20

Ronan7 do you kow anything about FIL Limited?

[ronan7] 20/2/2014 09:50

as last post

gathering some pressure up..

new high 83p plus next week looks likely

[ronan7] 19/2/2014 08:08

a firmish start to the day

and reasonable volume


blow hard wind...plz

[b1lbo] 18/2/2014 20:47

Either Artemis or Henderson continuing to reduce? No corset, more a seller given size and interim results roadshow meetings. Only time to get any liquidity in this stock with an average 58k trading volume!

[ronan7] 18/2/2014 16:55

lets hope the corset gets tight and then explodes to £ 1............plus


BTW nice that I`m not talking to meself again

[praipus] 18/2/2014 16:34

You never know but I suspect it's just noise and institutions adjusting their corsets.

[b1lbo] 18/2/2014 16:03

Praipus - But if the two 4.3m and 4.4m share trades that just went through show up as Premier being the holders....then just maybe something is brewing with old mates?!?

[b1lbo] 18/2/2014 15:55

FSA register shows Whalley left Premier AM as of 310712, so no related party transaction!

[praipus] 18/2/2014 15:48

Well spotted b1lbo. MBO?...You never know.

See PEW thread
RNS for holding increase to 7.54% the 5mill that ronan7 was talking about

[b1lbo] 18/2/2014 15:36

R7 - CEO's old shop is the buyer. Related party transaction? MBO ahead?

[ronan7] 18/2/2014 08:32

seems unlikely that the 5 mill trade yesterday was `real` otherwise priced at 70p or so...

[ronan7] 10/2/2014 07:17

Renewable Energy Generation Ltd

10 February 2014

10 February 2014

Renewable Energy Generation Limited

("REG" or the "Group")

Interim Results for the six months to 31 December 2013

RENEWABLE ENERGY GENERATION REPORTS STRONG MOMENTUM IN WIND AND BIO-POWER BUSINESSES

Financial highlights

-- Group revenues of GBP5.7m (H1 2013: GBP6.5m)
-- Profit before tax of GBP6.5m (H1 2013: loss of GBP1.7m)
-- Sale of the 12MW Goonhilly Wind farm to BlackRock for an enterprise
value of GBP25.1m and a profit of GBP9.4m to the Group
-- Adjusted EBITDA(1) after disposals of GBP9.6m (H1 2013: GBP1.4m)
-- Unrestricted cash resources of GBP19.3m as at 31 December 2013
(H1 2013: GBP10.0m)
-- Proposed interim dividend increased by 10% to 0.55p per ordinary
share (H1 2013: 0.5p)


Operational highlights

-- Wind output of 48.2GWh, ahead of expected levels for the period
-- Commencement of construction of the 4.5MW Goonhilly solar farm
-- Planning permission issued for Ramsey II wind farm
-- Conditional turbine supply agreements with Vestas Celtic Wind
Technology for the 10MW St Breock and 8MW Ramsey II wind farms
-- Acquisition of 4MW Rodbaston College wind farm planning permission
-- Project financing completed for 4MW Orchard End wind farm
-- Circa 140MW of applications across 15 wind projects awaiting
determination in the UK planning system


Post period end events

-- Construction contract signed for 18MW bio-power plant in Selby,
Yorkshire
-- Planning permission for the extension of French Farm to 12MW

[waldron] 20/12/2013 16:28

PARIS--French power equipment and train maker Alstom (ALO.FR) Friday said it signed two contracts to supply wind turbines worth a total of 400 million euros ($544 million) to Brazilian firm Queiroz Galvao.
The company will install two wind farms in Piaui State, in the Northeast of Brazil, Alstom said. The turbines will be delivered between 2015 and 2017.
Write to Inti Landauro at [e-mail]
Subscribe to WSJ:

[ronan7] 15/11/2013 14:54

quick scan of results ...=£6 mill profit

[waldron] 06/11/2013 09:56

Wind farms and solar parks are changing hands at record rates, signaling both an increased taste for the assets among pension funds and hard times for utilities that are the biggest sellers.

About 43 percent of the 275 deals completed in the power industry in the first nine months were for renewable generators, up from 37 percent in the year-earlier period, according to data compiled by Ernst & Young LLP. The value of all the deals increased to $104 billion from $93 billion.

Buyers from insurer Aviva Plc (AV/) to Danish fund PFA Pension A/S are seeking yields averaging about 6 percent on wind and solar, according to data compiled by Bloomberg. Utilities such as France's GDF Suez (GSZ) SA, Iberdrola SA (IBE) of Spain and Dong Energy AS have unloaded plants to build cash cushions as power prices slumped and competition increased from independent generators.

Utilities "simply don't have the capital to allocate to endless volumes of renewable energy investment," said Ben Warren, who works in environmental finance at Ernst & Young, which is rebranding itself as EY. Assets are trading hands at "record rates" and sales will continue, he said.

That also helps explain why investment in renewables is declining. After touching a record $317.2 billion in 2011, inflows of money into wind, solar, biofuel and energy-efficiency projects fell 11 percent last year and are on track to drop again in 2013, Bloomberg New Energy Finance estimates.

Utilities Suffer
Many power companies were under pressure to sell, and some of the assets may be riskier propositions in the future: Subsidies for renewables are being scaled back across Europe and the U.S., led by retroactive reductions for existing projects in Spain, Greece, Romania and the Czech Republic. Utilities with nuclear capacity such as RWE AG (RWE) and EON also are having an even harder time trying to boost profits as Germany and France wind down atomic energy programs.

Utilities in Europe accounted for about 10 percent of global investment in wind and solar farms in the past five years. Most of them "are trying to rebuild their balance sheets and improve their credit ratings," Warren said.

They may eventually recycle cash asset sales into new renewable-power projects, especially offshore wind plants still on the drawing boards that will require hundreds of millions of dollars.

For pension funds, the returns on renewable energy plants beat those for many government bonds and are backed by contracts to sell power at above-market prices. Ten-year government securities in the U.S. and U.K. are yielding about 2.6 percent.

Seeking Yield
Highlighting their search for yield are at least five initial public offerings of renewables funds done this year, each promising returns that beat government bonds. The Renewables Infrastructure Group Ltd. (TRIG) began trading in July after raising 300 million pounds ($460 million) to pay a 6 percent yield from operating wind farms across Europe. Other examples are Bluefield Solar Income Fund Ltd., NRG Yield Inc. (NYLD), TransAlta Renewables and Threshold Power Trust.

Pension funds and insurance companies including Aviva, AMP Ltd. (AMP), and Hermes GPE are seizing the opportunity to tap assets that earn steady returns for decades that formerly would have been monopolized by the utilities.

AMP Capital Investors Ltd., a New South Wales-based institution that specializes in real estate and infrastructure investments, has bought 104 megawatts of wind farms in the U.K. and Ireland and is looking to buy more assets, said Bob Pehari, who is head of infrastructure in Europe for the unit of Australia's largest fund.

'Good Cash'
"Renewable energy can provide you at an operational stage with a reasonably good cash yield," Pehari said. "We're talking about long-term concessions that will go out to 2030 plus, and that is also helpful for pension fund clients."

AMP said it's seeing "a lot" of deal flow from large utilities and it's looking at several large renewable energy assets across Europe. Hermes too is seeing several "good opportunities," according to Hamish de Run, an infrastructure partner at the private equity firm. It will continue to invest in the industry, which is an area it is "keenly focused on."

Aviva recognized the utilities want to sell and decided it could find good value in the assets, said Ian Berry, an infrastructure fund manager at the London-based insurer. A spokesman at Denmark's PFA Pension didn't return calls seeking comment.

Pensions Booster
The situation isn't necessarily bad for renewables since pension fund cash is taking the place of utility balance sheets, Warren of EY said.

"We have a lower cost of capital and a longer term expectation on those cash flows than a utility may have," said de Run at Hermes. It has invested in onshore wind and rooftop solar in the U.K. and it may invest in biomass over the next 12 months.

GDF Suez, Iberdrola, EDP Renovaveis SA, Electricite de France SA and Dong Energy AS all have relinquished stakes in wind energy projects since December.

Dong is selling stakes of as much as 50 per cent in offshore wind projects. Partnerships release capital for new projects, wind-power unit Senior Vice President Lars Thaaning Pedersen said. They give investors "assets with attractive revenue characteristics, with long-term income streams and long-term exposure to underlying fundamentals such as oil and gas prices as well as inflation," he said by e-mail.

Power Prices
GDF Suez, hurt by lower demand for gas-fired power in Europe, is cutting capacity in the region to contain costs and expanding into fast-growing economies in Asia, Latin America and the Middle East. The French utility has also sold stakes in energy assets in countries including Portugal and Australia to lower debt. GDF Suez spokesman Paul-Alexis Bouquet declined to comment for this article.

RWE AG said in March it will cut renewable-energy investment by half from next year to reduce debt. Iberdrola plans to sell 2 billion euros of assets by the end of 2014. Dong in June sold its onshore wind business to PFA Pension and energy company SE.

Iberdrola has sold 1.1 billion euros of "non-core" assets since the start of 2012, including operating wind farms in France, Germany and Poland.

For Iberdrola, the sales are in line with plans to divest assets in "non-strategic markets" and to strengthen its balance sheet, a spokesman for the company said. He blamed falling demand, new regulatory measures and higher taxes on weakening the company's finances.

To contact the reporter on this story: Louise Downing in London at [e-mail]

To contact the editor responsible for this story: Reed Landberg at [e-mail]

[ronan7] 17/9/2013 12:58

looks like company buy of 100,000 shares as last time

[ronan7] 12/9/2013 07:59

nice tick ups last 3 days

looks set to carry on today

[ronan7] 10/9/2013 11:52

yep russy
and now have cash to push on with developments

[russman] 09/9/2013 23:45

Blackrock are paying £2m per MW. If most of their development pipeline could get to operational status, it would be a bonanza.

[ronan7] 09/9/2013 13:41

not sure 10 mill for a site making I mill a year

its what they do with the money now that counts

a bit more share buy back would be nice plus moving on proposed sites in the next few months to 9 months