Novera Energy Share Discussion Threads

[gac100] 26/11/2007 10:04

I previously traded NVE short-term around the Lisset Airfield wind farm planning application at the start of this year.

I'm back in now for the long term, following the recent announcement that NVE has entered into contracts for the Power Purchase Agreement, Engineering, Procurement and Construction (EPC) Contract and the Debt Facility for the Lissett project.

Nice too that they're increasing the capacity from the originally projected 24 MW to 30 MW, and that "we remain on track to submit planning applications for three further wind farms, with a total capacity of approximately 70 MW, by year-end."

[aim_trader] 10/10/2007 11:13

"Novera Energy - Pure green energy
10-Oct-2007
As the second largest renewable electricity provider in Britain, Novera is a meaningful player"

[russianlinesman] 13/5/2007 12:37

given they issued a whole bunch of shares at 55p very recently, the surprise here is that the share price is so high. Results weren't that clever either.

[coleman4] 11/5/2007 17:17

Anyone got any clues what the last trade was,but or sell, 770k ?????

[coleman4] 11/5/2007 11:30

I am but no clues why such a bad sp

[daaan] 11/5/2007 10:50

6p (near 8%) down atm, anyone alive and watching this?

[obarmoth] 27/4/2007 12:09

Something's certainly put the 'wind' up this today. Breakout! :)

[gac100] 22/2/2007 13:23

Lots of good news today

Lissett Airfield 24MW windfarm planning application APPROVED



This is nice too (from the same RNS):

"On 5 January 2007, Novera submitted its first planning application
of the year for the 6 MW Mount Boy wind farm in Angus and applications for
further wind farms with a potential capacity of 70 MW are expected to be put
before planning authorities by the end of 2007."

In a separate RNS Novera announced that Roy Franklin OBE (former CEO of Paladin Resources)will succeed John Brown as its Chairman at the Annual General Meeting in May 2007.



SP moving up, not surprisingly.

gac

[gac100] 16/2/2007 12:07

Novera's Lissett Airfield wind farm planning application comes up for consideration again on 22 Feb.

The minutes of the last meeting, when the application was deferred, and the agenda for 22 Feb have just been published on the East Riding Council website



gac

[sidneyslacker] 31/1/2007 07:23

31 January 2007

NOVERA ENERGY LIMITED ('Novera' or 'the Company')

Trading Statement

The Board of Novera, one of the leading independent UK renewable energy
companies, is pleased to make the following trading update in advance of its
preliminary results for the year ended 31 December 2006 which will be released
by the Company on 29 March 2007.

On 22 January 2007 Novera acquired the remaining 50 per cent. of NMRE from
Macquarie International Infrastructure Fund. NMRE was established as a 50:50
Joint Venture between Novera and Macquarie International Infrastructure Fund in
December 2004.

The acquisition represents a significant step in the Company's long-term growth
strategy of becoming the leading independent developer and owner of renewable
energy assets in the UK. Novera now owns and operates mature, proven and low
risk renewable energy generating assets mainly from landfill gas, with some
small hydro and wind power.

On a pro-forma illustrative basis, with the results of Novera and NMRE fully
consolidated from 1 January 2005, the revenue for year ended 31 December 2006 is
£32.5 million compared to £26.7 million in 2005.

Operations

Operating performance in 2006 improved against 2005. Revenue increased by 20% to
£30 million largely due to an increase in generation capacity of 7%. The
operating performance of 100% of NMRE is as follows:



YE 31 December 2006 YE 31 December 2005 Movement
Installed Capacity 131MW 122MW 7%
Generation 573GWh 530GWh 8%
Revenue £30 million £25 million 20%



Development

Wind

Novera has strengthened its wind team and made tangible progress towards its
five year goal of 250MW of capacity from green field development.

•In July 2006 Novera submitted a planning application for the 24MW Lissett
Airfield wind farm in Yorkshire, for which the planning decision has now
been deferred until late February.
•In July 2006 the Company acquired the majority of the RED Group's wind
development portfolio.
•Novera's next wind development site, Mount Boy in Scotland (6MW) was
submitted into planning in January 2007.
•Novera has completed feasibility studies on eleven sites with potential
capacity of 166MW which are now in the pre-planning stage.
•Beyond this Novera has a further portfolio of projects with a potential
capacity of in excess of 300MW.

Together this provides the company with the confidence that the Company can
deliver 250MW of operating capacity within 5 years.


Energy from Waste

Novera has made significant progress on its 10MW East London Sustainable Energy
Facility ('ELSEF').

•Planning permission for the plant, which will be located at Ford's site
at Dagenham, was granted in September 2006 by the London Thames Gateway
Development Corporation.
•IPPC authorisation to operate the facility was granted by the Environment
Agency during September 2006.


Commenting on the year, David Fitzsimmons, Chief Executive Officer, stated:


'Novera continues to make excellent progress. The acquisition of the other 50%
of our operating joint venture is an important milestone for the Company. Last
year's operational performance was very encouraging and we remain confident in
our ability to meet or exceed the synergy targets described with the
acquisition.'

[gac100] 30/1/2007 16:24

"councillors agreed to defer their decision on [an]... application for a 12 turbine wind farm at a disused airfield in Lissett, near Driffield.
Councillors want more information on how the proposed scheme by Novera Energy Limited will affect tourism before they make a decision.
This application will come up for consideration again at East Riding Council's next planning committee meeting on Thursday, February 22."

[m.t.glass] 27/1/2007 00:42

Part of an email I get from BBC2tv Working Lunch team says:
"..We're still keen to hear from anyone who has invested in a green technology company listed on AIM..."
To get in touch, please click here...


Anyone want to put forward Novera?

[gac100] 24/1/2007 10:57

Novera's Lissett Airfield wind farm planning application is being considered by the planning committee on Tuesday 30 Jan



Recommendation is that the application be deferred for completion of a "Section 106 agreement" covering the potential impact of interference with domestic television reception and Novera to take appropriate remedial measures and for Novera to connect to the nearest substation through underground cables only. Provided this is satisfactorily resolved the GRANT OF PLANNING PERMISSION with be authorized (subject to 22 conditions - which don't appear to be too onerous and which on a quick read I would guess hold no surprises for Novera).

Full planning agenda document is here:



Construction of the wind farm "will take approximately 7 to 9 months"

[sidneyslacker] 22/1/2007 11:14

22 January 2007


NOVERA ENERGY LIMITED
('Novera' or 'the Company')


Completion of the acquisition of the remaining 50 per cent. of Novera Macquarie
Renewable Energy Joint Venture Limited ('NMRE')


Novera Energy Limited, the leading independent UK renewable energy group, is
delighted to announce that it has today completed the acquisition of the
remaining 50 per cent. of NMRE from Macquarie Renewables Limited, a wholly owned
subsidiary of Macquarie International Infrastructure Fund Limited, ('the
Acquisition') on the terms set out in the Company's shareholder circular dated
21 December 2006 ('the Circular'). Shareholder approval for the Acquisition was
given at an Extraordinary General Meeting of the Company held on 15 January
2007.


Novera currently has an operating capacity of 131 MW of renewable power
generation at 59 sites across the UK and is developing a portfolio of wind farms
with a target capacity of 250MW by 2011. In addition, planning approval has been
granted for Novera to build the 10 MW East London Sustainable Energy facility at
the Ford Motor Company site in Dagenham.


Commenting on the deal, David Fitzsimmons, Chief Executive of Novera, said,


'We are delighted to announce the completion of this acquisition, which
represents a major step forward for Novera and which has fundamentally
transformed the scale of the company's operations in the UK renewable sector.


The Board remains confident about the prospects of the enlarged Novera group and
is excited by the enhanced future opportunities for Novera following the
completion of the acquisition.'

- Ends -

[richandjanet] 31/12/2006 17:20

IC tip

15 December 2006

NOVERA ENERGY (NVE)



60p - Aim - The government wants renewable energy to account for 20 per cent of the UK's total energy production by 2020. So Novera Energy hopes to profit from this by building up a substantial renewable energy portfolio. It is certainly well-positioned to do so - chief executive David Fitzsimmons held a variety of senior positions at BP, and there are decades of utility and renewable energy experience in the boardroom.

But Novera is not putting all its eggs in one basket. It has already built a substantial landfill gas business, to which it plans to add a wind-farm portfolio, totalling 250MW over the next five years. The first application - for a 24MW wind farm at Lissett Airfield in Yorkshire - is already in the planning process. And at least five more applications are expected in the north of England and Scotland by the end of 2007. Should the sites receive planning approval, Novera can then develop them itself with debt financing and equity, or sell them into the joint venture (see below).

Of course, the major risk to this plan remains the UK planning system and local complaints from residents. However, as the imperative to meet renewables targets grows, government support for planning applications is likely to grow.

Novera has also had plans approved for a flagship waste-to-energy plant in east London, which will provide power to the Ford plant at Dagenham. The ground-breaking plant will take waste from Shanks' facility near Dagenham and, using bespoke Canadian technology, convert it into synthetic gas to generate power for the Ford plant (equivalent to the power required for 14,000 homes). Construction starts next year and, although some costs will be met by government funding, building such a facility for the first time will be a challenge. Generation is expected to commence in 2009.

The plant will cost significantly more per megawatt hour than wind farms, but the economics are underpinned by the offtake agreement from Ford and by gate fees, which Shanks will pay to Novera for taking its waste away. As landfill directives become ever more strict, demand for such facilities should grow.

For now, though, the company's bedrock is currently the Novera Macquarie Renewable Energy joint venture, in which Novera has a 50 per cent stake. Having the backing of Australian infrastructure giant Macquarie has helped build up the portfolio which, at the last count, was producing 128MW of power from landfill gas, wind and hydro.

Many assets in the joint venture are relatively mature. In the first half of the current financial year, it generated 295GWh of power, up 17 per cent on the previous year. What this means for Novera, as it seeks to build out its own projects, is a reliable revenue stream from the joint venture. In the first half, Novera's share of the joint venture contributed £300,000 to profits and it has since contributed a further £1.2m in dividends and proceeds from the sale of wind farms in Germany.

With much of the capital expenditure in the joint venture now complete, house broker Oriel Securities predicts that its gross cash distribution next year will be £4.8m. Much of the joint venture's production is underpinned by power-purchase agreements with Centrica, which include renewables obligations certificates.

Despite this, Novera is still loss-making, and will remain so for the next couple of years, according to house broker Oriel's estimates, as capital expenditure will cancel out the receipts from the Macquarie joint venture. That said, an investment in Novera means backing a team with strong industry experience and a vision of building a significant renewable energy business. In fact, with the backing of Macquarie, Novera is one of the best-placed of the UK's quoted renewables companies. Buy.

Ord price: 60p Market value: £33m
Touch: 58-62p 12-month High: 69p Low: 44.5p
Dividend yield: nil* PE ratio: na*
Net asset value: 30p Net Cash: £2m


Year to Turnover Pre-tax Earnings Dividend
31 Dec (£m) profit (£m) per share (p) per share (p)
2005 1.8 -2.5 -4.5 nil
2006* 3.0 -2.1 -3.9 nil
% change % change - - -
*Oriel Securities estimates
Market makers: 5
Normal market size: 1,000
Beta: 0.05
Last IC view: na

BULL POINTS

* Growing income from joint venture

* Potential upside from wind-farm development

* Well-funded


BEAR POINTS

* Planning risk

* Construction risk at east London facility

[sidneyslacker] 27/10/2006 08:11

Significant volume here at the moment - especially yesterday - and the price is ticking up.

[sidneyslacker] 19/9/2006 07:19

Novera Energy Ltd
19 September 2006

19 September 2006

Novera Energy Limited

INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2006

Novera Energy Limited ('Novera' or 'the Company') (AIM: NVE) is a leading
independent UK renewable energy producer. Novera has a portfolio of landfill
gas, waste and wind assets and projects.

OPERATIONAL HIGHLIGHTS

• NMRE generation in the first half of 2006 increased by 17% to 295GWh.

• Mynydd Clogau wind farm (15MW) commissioned ahead of schedule.

• Planning permission for 10MW East London Sustainable Energy Facility
('ELSEF') granted September 2006.

• Good progress towards five year goal of developing greenfield wind
portfolio of 250MW.

• Planning application for next wind farm (24MW) submitted July 2006.
Further wind farms totalling 70MW expected into planning by the end of
2007.

FINANCIAL HIGHLIGHTS

• Revenue increased 31% to £8.9 million on a proportionately consolidated
basis (refer Note 5).

• Increased investment in development from £0.2 million to £1.4 million, all
expensed in the period.

• Proportionately consolidated EBITDA (refer Note 5) unchanged at £1.9
million (2005: £1.9 million after removal of gain on sale of wind farm of
£0.9 million).

• Strong balance sheet with £2.0 million cash in bank and no debt at
30 June 2006.

• Current cash in bank of £3.2 million after receiving £1.2 million for
1H 2006 distribution and £1.1 million on sale of German wind farms.



Commenting on the results, John Brown, Chairman said:

'Novera continues to make good progress in each of its three divisions: landfill
gas, waste and water, and wind. I particularly welcome last week's planning
consent for the ELSEF project. We see significant opportunities to build on our
position as a leading independent developer and owner of UK renewable energy
assets. With our sound financial footing I am confident that we will make
further significant progress in the second half of the year.'



For further information:

Novera Energy Limited Hudson Sandler
David Fitzsimmons, Chief Executive Officer Nick Lyon
Rory Quinlan, Chief Financial Officer James White / Amy Faulconbridge
Tel: [phone] Tel: [phone]




Notes to editors:

Novera Energy Limited ('Novera' or 'the Company') (AIM: NVE) is a leading
independent UK renewable energy producer. Novera has a portfolio of landfill
gas, waste and wind assets and projects.

Landfill Gas

Novera is the joint owner of Novera Macquarie Renewable Energy (NMRE), one of
the largest renewable energy portfolios in the UK. NMRE owns and operates
mature, proven and low risk renewable energy generating assets, comprised
predominantly of landfill gas.

Waste and Water

Planning permission for Novera's East London Sustainable Energy Facility
('ELSEF') was granted on September 14th 2006.

The plant, which will be located at Ford's site at Dagenham, will when fully
operational generate 10MW of renewable electricity, enough to power 14,000
homes. The fuel will be derived from household waste after recycling and will be
supplied by Shanks from their East London Material Recycling Facility in
Dagenham. The electricity produced will be sold directly to Ford. Construction
of ELSEF is due to commence mid 2007, with the plant expected to be fully
operational mid 2009.

Novera has the exclusive UK licence for the gasification system, developed in
Canada and supplied by Enerkem Technologies.

The EU Landfill Directive came into force in 2001. By 2020 30 million tonnes per
annum will be required to be diverted from landfill (assuming a growth rate of
1.5%). Up to 15 million tonnes will need to be processed at non landfill sites
in addition to 15 million tonnes of recycling. Potentially this could generate 5
million tonnes of fuel per annum, enough for up to 50 plants like ELSEF.

Wind

Novera has a five year goal of having 250MW in operation from greenfield
development.

The Mynydd Clogau wind farm (15MW) came into operation in March. Novera's
following wind farm (24MW) went into planning in July. Further wind farms (70MW)
expected into planning by the end of 2007.

Beyond that Novera is selectively maturing its portfolio of potential sites to
provide the next round of development.



Chairman's Statement

I am pleased to report on the activities of Novera for the six months ended 30
June 2006.

Financial Performance

Revenue increased 31% to £8.9 million on a proportionately consolidated basis
(refer Note 5). This increase was primarily due to capacity growth and increased
output at NMRE, with Novera's 50% share of NMRE revenue increasing to £7.8
million from £6.0 million. Novera's revenue from 100% owned operations increased
to £1.1 million from £0.8 million.

In the six months to 30 June 2006 Novera recorded a loss of £1.2 million,
compared to a profit of £0.3 million in the same period last year. This reflects
an increased investment in development projects from £0.2 million to £1.4
million. The 2005 result also benefited from the gain on sale of a wind farm of
£0.9 million. Our NMRE joint venture has been profitable in the six months.
Novera's 50% share of NMRE profit was £0.3 million, compared to a loss of £0.1
million in 2005.

At 30 June 2006 Novera had a strong balance sheet with £2.0 million cash in bank
and no debt. Our current cash position is £3.2 million after the receipt of the
1H 06 dividend of £1.2 million and a return of capital from NMRE upon the sale
of the German wind farms of £1.1 million. The receipt of DEFRA cash for our
ELSEF project is weighted to the second half of the year which will improve our
cash flow in the next six months.

Operational Review

Novera is a leading independent UK renewable energy group. Novera has a
portfolio of landfill gas, waste and wind assets and projects.

Landfill Gas

Novera's 50% owned joint venture, NMRE, owns and operates mature and proven
renewable energy generating assets mainly from landfill gas, with some small
hydro and wind power.

NMRE's operating performance for the six months to 30 June 2006 improved against
the corresponding period of 2005, largely due to the increase in generation
capacity from 122MW to 128MW. Novera's 50% share of NMRE EBITDA increased by
42% to £3.4 million.

In March 2006 NMRE's Mynydd Clogau wind farm (15MW) was commissioned, generating
revenue ahead of schedule. NMRE sold its German wind farms (9MW) in May 2006.

Waste and Water

Novera has made significant progress on its 10MW East London Sustainable Energy
Facility ('ELSEF'). Planning permission for the plant, which will be located at
Ford's site at Dagenham, was granted on September 14th by the London Thames
Gateway Development Corporation. This is an important milestone for Novera.

ELSEF when fully operational will generate 10MW of renewable electricity, enough
to power 14,000 homes. The fuel will be derived from household waste after
recycling and will be supplied by Shanks from their East London Material
Recycling Facility in Dagenham. The electricity produced will be sold directly
to Ford. Construction of ELSEF is due to commence mid 2007, with the plant
expected to be fully operational mid 2009.

The UK is facing a major challenge to comply with the EU Landfill Directive and
will be required to divert 30 million tonnes a year of household waste away from
landfill by 2020. This challenging target provides scope for up to 50 ELSEF size
plants across the UK, representing over £2 billion in capital.

Novera has invested £0.7 million in its waste and water division in the six
months. Much of this will be covered by income from our DEFRA services contract.

Wind

Novera strengthened its wind team and has made tangible progress towards its
five year goal of having 250MW in operation from greenfield development.

A planning application for our next wind farm (24MW) was submitted in July 2006.
We expect to put further wind farms (70MW) into planning by the end of 2007.
Beyond that we are working on a further portfolio of 30 sites sufficient to
deliver a total of 250MW.

We invested £0.6 million in our wind division in the first six months of 2006,
which has been expensed.

Outlook

The Government concluded its review of energy policy in July 2006. Novera is
pleased that renewable energy remains one of the key planks of energy policy
moving forward in the UK. The increase in the target from 15% to 20% is very
welcome, allowing the industry to keep investment horizons well into the future.

Our strong existing operational base, together with our strengthened development
pipeline and team gives us the potential for significant growth in this exciting
sector.

John Brown
Chairman

More here:

[russianlinesman] 15/9/2006 20:18

Planning approval was accompanied by big sales. Wonder why?

[sidneyslacker] 15/9/2006 07:42

Novera Energy Ltd
15 September 2006

15 September 2006

Novera Energy Limited

Planning Approval Granted for sustainable energy facility in East London

The London Thames Gateway Development Corporation yesterday granted Planning
Consent for Novera Energy to construct its East London Sustainable Energy
Facility (ELSEF) at the Ford Motor Company Limited's site at Dagenham. The
planning proposal was supported by the Mayor of London.

Novera Energy Limited ('Novera') (AIM: NVE) is a leading independent UK
renewable energy group with a portfolio of landfill gas, waste and water, wind
assets and development projects.

Novera expects to make further announcements over the coming months as
development of the project progresses. Assuming satisfactory completion of
commercial terms for the project on a timely basis, Novera expects to start
construction of the plant during 2007.

When fully operational, ELSEF will generate 10MW of renewable electricity,
enough to power 14,000 homes. The fuel will be residual household waste left
after recycling and will be supplied by Shanks from their East London Material
Recycling Facility in Dagenham. The electricity produced will be sold directly
to Ford.

The ELSEF project is supported by Defra's New Technology Demonstrator Programme,
which seeks innovative ways of reducing the amount of waste sent to landfill.
The project will be the first of its kind in the UK and will use a gasification
technology developed in Canada for which Novera has the exclusive UK rights.

Commenting on the decision, David Fitzsimmons, Chief Executive Officer of Novera
Energy said,

'We are very pleased that our planning application was approved. Our project has
been widely supported and we thank all those involved for their efforts.

This is an important milestone for East London and for Novera. The UK is facing
a major challenge to comply with the EU Landfill Directive, which requires to
divert some 30 million tonnes a year of household waste to be diverted away from
landfill by 2020. This challenging target provides scope for up to 50 ELSEF size
plants across the UK, representing over £2 billion in capital.'



ENDS

[wassapper] 21/8/2006 17:10

Novera Energy Is Betting on the UK For Its Portfolio Of Renewables.

By Rue Swabey

Novera Energy's business is diversified with a portfolio of renewables but geographically it is taking a bet on the UK. Novera's portfolio includes three technologies: wind, advanced energy from waste and landfill gas. The company was founded in Australia in 1998, but soon migrated to the UK given the opportunities arising from government targets to increase demand for renewable energy. Novera was listed on AIM in June 2005 and de-listed from the Australian Stock Exchange in April 2006. About half of the shares remain with Australian shareholders including the company's founder and an angel investor. Its new UK-based management team is headed by David Fitzsimmons, who was appointed CEO in October 2005, after 27 years at British Petroleum ...

[sidneyslacker] 19/7/2006 07:06

Novera Energy Ltd
19 July 2006


19 July 2006


Novera Energy Limited

Trading Statement


Novera Energy Limited (AIM: NVE) (the 'Company') is an established renewable
energy group which develops, owns and operates renewable power assets in the
United Kingdom. The Board of Novera is pleased to make the following trading
update in advance of its interim results for the six months ended 30 June 2006
which will be released by the Company on the 19th September 2006.

Landfill Gas

Novera's landfill gas joint venture, NMRE, owns and operates mature, proven and
low risk renewable energy generating assets mainly from landfill gas, with some
small hydro and wind power.

• In March 2006 NMRE's Mynydd Clogau wind farm (14.5 MW) was commissioned.

• In May 2006 NMRE made a gain on sale of £0.2m on the disposal of its
German wind farms. Novera's share of the proceeds is due to be received in
July 2006 (£1.1 million).

• In June 2006 the Company received the second half of 2005 distribution of
£0.5 million from NMRE, in line with expectations.

NMRE's operating performance for the first five months of 2006 improved against
the corresponding period of 2005, largely due to the increase in generation
capacity of 11%. The 2006 year to date (to end May) operating performance of
NMRE is as follows:

Jan - May Jan - May Movement
06 05
Installed Capacity (end period MW) 136 122 11%
Generation (MWh) 246,773 208,594 18%
Revenue (£'000) 13,092 9,834 33%


Wind

The Company has made good progress on its portfolio of wind developments:

• In July 2006 the Company submitted the planning application for the
Lissett Airfield wind farm in Yorkshire (24MW).

• In July 2006 the Company acquired the majority of the RED Group's wind
development portfolio.

Novera's wind development portfolio now stands at 30 sites, with a potential
capacity of approximately 800MW. In line with industry standards Novera expect
to convert 40% of these prospects into delivered projects.

Advanced Energy from Waste

The Company also made significant progress on its Advanced Energy from Waste
project during 2006:

• In March 2006 the Company submitted a planning application for our 10MW
East London Sustainable Energy Facility ('ELSEF') to the London Thames
Gateway Development Corporation.

• In July 2006 the Company received the draft Integrated Pollution
Prevention Control ('IPPC') consent from the Environment Agency for the
ELSEF plant and expects to receive the full IPPC consent during August 2006
in time for the planning approval.

Commenting on the half year, David Fitzsimmons, Chief Executive Officer, stated:

'Novera continues to make good progress in each of its three business units,
wind, advanced energy from waste and landfill gas. I welcome the growth in the
capacity and output of NMRE as well as the progress of our wind and advanced
energy from waste developments. I am confident that we will make further
significant progress in the second half of the year.'

[sidneyslacker] 17/7/2006 07:17

Novera Energy Ltd
17 July 2006



17 July 2006



Novera Energy Limited



Acquisition of RED's Wind Farm Portfolio



Novera Energy Limited (AIM: NVE), the leading independent renewable energy
generator in the UK, is pleased to announce that it has reached an agreement
with Renewable Energy Development ('RED') to acquire the majority of RED's wind
farm portfolio.

This portfolio consists of 6 wind farm developments in the UK, with a potential
capacity of approximately 120 MW. 5 of the 6 sites are targeted to be in
operation before 2010.

This brings the Novera development portfolio to 30 sites with a potential
capacity of approximately 800 MW. In line with industry standards, Novera expect
to convert 40% of these prospects into delivered projects.

David Fitzsimmons, Chief Executive of Novera Energy said: 'We are delighted to
have strengthened our portfolio of wind sites and we continue to seek to
increase operational capacity. We welcome David Taylor, the founder of RED, to
the Novera team'.



For further information:
Novera Energy Limited Hudson Sandler
David Fitzsimmons, Chief Executive Nick Lyon/Amy Faulconbridge

Rory Quinlan, Chief Financial Officer Tel: [phone]

Tel: [phone]

[stegrego] 05/4/2006 21:56

All of the alt energy diversified companies i.e. Tersus, Renewable Energy Holdings, Novera, Reenergy etc are all taking a bit of a beating of late. They dont seem to be taking off and all are well down from recent highs.

Not sure why tho - other than maybe they are diversified too much?

I'm interested in investing in most of the above but until sentiment changes towards them (and i dont see why they have bad sentiment at the moment) then ill hold off buying in.

Also they trade on very sporadic volumes - some days nothing, mostly a few thousand and now and then several million.