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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Renewable Eng. (See LSE:WIND) | RWE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 65.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 65.00 | 65.00 |
| Top Posts |
|---|
Posted at 11/11/2009 22:44 by stegrego 100 page sector report from the LSEs new PSQ AnalyticsShows CPSP but is a combined report for about 20 companies and RWE is one of them. Free to register |
Posted at 13/10/2009 17:26 by praipus Henderson accumulating |
Posted at 13/10/2009 17:05 by dynamic2005 asparks....looked at both and liked the multi-coverage through RWE & REH.....think they both have significant upside but not yet sure which one will deliver greater long-term value.......I am investor rather than a trader so can ride both of these for some years if necessary to maxmise value. Good luck. |
Posted at 12/10/2009 11:04 by praipus If you think REH is too risky buy some UTL then you get a gold mine and massive holdings in REH and RWE at a 25% discount....if your quick. |
Posted at 12/10/2009 07:29 by the prophet Wind farms arouse mixed emotions. For environmentalists and politicians, they are unquestionably beneficial. They use what is freely available - wind - to generate something that everybody needs --electricity. But for many ordinary people, wind turbines are a blot on the landscape to be avoided at all costs. The widespread antipathy towards wind farms, particularly large ones, has been a major setback for the industry in this country. Planning permission is costly and time-consuming to obtain and is frequently refused. Over the past year or so, developers have also been hit by falling wholesale electricity prices, which makes the energy they produce or hope to produce less valuable. Meanwhile, a scarcity of credit has mad it difficult for them to fund their businesses. In this context, Renewable Energy Generation stands out from the pack. The company focuses on small developments of just a few turbines. These are easier to finance and tend to receive planning permission at a slightly speedier rate. PIPELINE: Andrew Whalley's projects could massively boost the firm's generation capacity The company is already operating several small wind farms that generate 21 megawatts of electricity in total - enough to power about 10,000 homes - and it has received approval for developments that will give it a further 15 megawatts of capacity. There is also a string of projects in the pipeline that could, if approved, add a further 300 megawatts of capacity to Renewable Energy's portfolio. Separately, the company operates a business that turns used cooking oil into electricity. The division expects that by the end of 2010 it will have the ability to generate 13 megawatts of electricity this way. More immediately, Renewable chief executive Andrew Whalley has just agreed to sell the company's Canadian subsidiary to International Power Canada for £69 million. The deal needs the approval of shareholders, but they are highly likely to agree to it because the transaction will enable Renewable to pay off all its debts and leave about £50 million in the bank. Whalley intends to use the money to develop the wind farms and the cooking oil division, focusing the company entirely on the UK, rather than splitting his time between here and Canada. Today, REG shares are trading at 60p, making the company worth £60 million on the stock market - a substantial discount to the value of its assets. Unusually for a business of this nature, there is even an annual dividend. Last year, Whalley paid out 0.5p and he has committed to pay a dividend for 2009 as well. The shares are undervalued. Buy. Midas verdict: Brokers estimate that the farms that REG already runs are worth £30 million while those it intends to construct in the next few months are valued, even now, at about £13 million. Add in the £50 million-of cash that the company will have once the Canadian sale is completed and REG is worth some £93 million, even without ascribing any value to the oil business or the sites for which REG hopes to receive planning permission |
Posted at 07/10/2009 09:40 by praipus NVE have had yet another bid, agressive this time from Infinis....REH, RWE etc strong buys IMHO. |
Posted at 02/10/2009 13:34 by praipus CWP I like but they are a manufacturer .....think risks....stock risk, commodity risk, credit risk, people risk, manufactuing risk, market risk, management risk, currency risk... too many liabilities I've got them but they dont offer the upside that I think RWE offer. |
Posted at 16/9/2009 08:50 by praipus jilop, I think I paid around £1.15 and £1.30 so I was hoping for a bit more than 70p...lol.I'm very long term, originally enjoying the dividend and trying to be quietly optomistic about the future earnings flow from the Canadian Wind Farms as they become operational. |
Posted at 04/11/2008 10:35 by praipus amazing SSE announce they have sold 50% of the Great Gabard project, which they bought for £40m (allegedly according so SSE BB), for £308 m to RWE-Innogy (no-relation to REG/RWE.L). To my mind thats quite a good return for SSE and should lift the sector and Wind Farm valuations in general however REG/ RWE goes down.....what have I missed? |
Posted at 26/9/2008 09:38 by asparks RNS Number : 3886EHelius Energy Plc 26 September 2008 26 September 2008 RWE Innogy to acquire biomass to power project from Helius Energy Biomass-to-power company Helius Energy Plc ("Helius Energy" or the "Company") is pleased to announce the sale of its Stallingborough renewable power project to RWE Innogy UK (RWE Innogy), a wholly owned subsidiary of RWE AG. Under the terms of the agreement, RWE Innogy will acquire 100% of Helius Energy Alpha Ltd ("Helius Alpha"), a wholly owned subsidiary of Helius Energy, which owns the rights for the development and operation of a gross capacity 73MWe (65MWe declared net capacity) renewable electricity plant at Stallingborough in North East Lincolnshire. The total amount payable under the transaction documents is £28.14 million. Of this, £22.5 million is payable immediately on completion and a £1.4 million 5% retention is payable 12 months following completion (assuming no valid warranty claims in this period). A future amount of £0.24 million pursuant to an acquisition of land agreement is also payable. In addition, RWE Innogy has also funded Helius Alpha as to £4 million and procured that Helius Alpha will use those funds to clear intercompany loans with Helius Energy. The Company expects that the profits on disposal will be £20 million. In addition, Helius Energy will receive 13% of the yearly profit after tax over the first 24 years of operation, providing the Company with an ongoing revenue stream and the opportunity to benefit from future improvements in performance and market conditions. Helius has also signed a Technical Services Agreement with RWE Innogy to provide ongoing support to ensure the plant is delivered as per the proposed project timetable. This agreement is valid for 4½ years during which time Helius will be remunerated at commercial rates. RWE Innogy will invest around EUR260 million in developing the new plant and Helius Energy will continue to be directly involved in the construction, implementation and start-up phases. The Stallingborough project received consent under Section 36 of the Electricity Act earlier this year. RWE Innogy and Helius Energy plan to develop additional biomass projects together in the UK. Managing Director of Helius Energy John Seed said: "I am delighted that Helius Energy has achieved exactly what it set out to do when it listed last year. This deal provides us with the funds to continue our strong and steady progress towards the development of a pipeline of biomass energy projects, as well as an ongoing revenue stream. We look forward to working with RWE Innogy and exploring ways to exploit the obvious synergies between our respective organisations in the future." Prof. Fritz Vahrenholt, CEO of RWE Innogy said: "This transaction enables us to enter the British biomass market successfully. Overall, we intend to increase the generation of electricity and heat from solid biomass almost five-fold to 600 MWe by 2011. Great Britain is an extremely important market for these growth plans. This is why I am particularly happy that we have found a competent and experienced local partner with Helius Energy." Preparations for the construction of the Stallingborough plant will begin shortly and it is expected to be in operation by 2011. It will be fuelled by wood residuals or forest biomass. The majority of the required feedstock will be contractually secured on a long-term basis from a UK supplier. RWE is currently conducting talks with companies who may be interested in using the thermal output of the plant. Helius Energy will use the proceeds of the sale to pay down existing debt facilities of £2.5 million and to fund its pipeline of future projects, in particular for the roll out of Helius Energy's 65MWe and 5 MWe 'Greenswitch' projects. In addition, the company is in the process of securing the rights to a site in the west of England for its next major renewable electricity plant and expects to start the formal consenting process by Q2 2009. The Company expects to have, net cash of £20m, following the completion of the disposal and the pay down of the Company's existing debt facilities. For more information contact: Helius Energy plc Tel: +44 1642 438540 John Seed, Managing Director Matrix Corporate Capital Tel: +44 20 3206 7000 Louis Castro Anu Tayal Gavin Anderson & Company Tel: +44 20 7554 1400 Kate Hill Robert Speed Ken Cronin RWE Innogy Barbara Woydtke (Germany) Tel: +49 201 12 14074 Stephen Tindale (UK) Tel: +44 7500 951 542 NOTES TO EDITORS: The Helius Group was established to install and operate biomass fired renewable electricity generation plants. These will help meet the growing need for reliable power from renewable fuels that help to overcome the issues of climate change associated with fossil fuels like coal and oil. The management team has over 50 years collective experience in the energy, manufacturing, biomass and agribusiness sectors, with extensive knowledge of renewable energy markets, biomass energy technologies and related economics. RWE Innogy is RWE's subsidiary for renewable energies. Currently, we are operating approx. 620 MW of wind power capacity, including 60 MW offshore. Additionally, our portfolio comprises approx. 600 MW of hydropower and 113 MWel or 809 MWth from biomass. We are especially strong in Germany, followed by Great Britain. We also have a reliable basis in Spain, France, Portugal and the Czech Republic that we are seeking to extend. We plan, build and operate plants to improve the CO2 balance of the Group and to secure the energy supply to millions of people for the future. RWE npower is a leading integrated UK energy business. It generates electricity and supplies gas, electricity and related services to around 6.8 million customers through its retail business. The company owns operates and manages a flexible portfolio of power stations and has more than 15 years experience developing and delivering CHP projects. This information is provided by RNS The company news service from the London Stock Exchange END |
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