Renewable Energy Generation Share Discussion Threads

[praipus] 26/2/2007 11:53

Just noticed these have appeared in Utilico Emerging Markets PLC (UEM,UEMW) top ten. CORRECTION
should have said UIL, UILW

[m.t.glass] 27/1/2007 00:40

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 RWE?

[investgreen] 16/10/2006 08:43

Canada looks interesting with the potential scale opportunities.

IG

[daithedeath] 25/9/2006 13:03

Could be one to tuck away for the long term as more conventional & nuclear stations come to the end of their ecenomic lives and sentements change global warming etc & paying a dividend .Perhaps no yet on big guns radar

[investgreen] 10/8/2006 22:55

It would be useful if ADVFN filtered the news for this stock appropriately, they've made an interesting acquisition lately but it's a pain to find the release buried under irrelevant news.

IG

[asparks] 01/8/2006 08:13

Check Out ReEnergy RGY

[qazwsx123] 07/7/2006 12:27

Three large buys today.

[qazwsx123] 06/3/2006 15:00

RNS Number:tt3085Z

6th March 2006

RENEWABLE ENERGY GENERATION LIMITED
Un-audited Interim Results for the Period Ending 31st December 2005

Statement by Mike Liston Chairman

Renewable Energy Generation Limited ("REG") has delivered a strong performance
over the period. Following its initial fund raising of #25m REG has invested in
three renewable energy projects providing a strong foundation for growth over
the next three years. A further £30m of new equity raised, much of it from
existing shareholders, provides REG with sufficient resources to fund investment in its current portfolio of wind projects, whilst allowing it to exploit further opportunities. In summary:-

i) Total net profit for period £496,277.

ii) Diluted earnings per share 1.44p.

iii) Interim dividend declared per share 1.00p.

iv) Acquisition for £4.5m of the Goonhilly Downs Wind Farm in Cornwall, from
private vendors.

v) Non-equity investment of £7.9m in Poland's largest wind farm at Tymien,
which is nearing completion.

vi) Acquisition for £4m of 24 wind projects across the UK from NPower
Renewables, part of RWE.

vii) Establishment of CLP Wind Projects based in St Austell to
develop REG's UK assets.

viii) Convening of EGM of Company's shareholders in order to put a recommended
proposal before shareholders to reduce REG's share premium account.

Headline figures

2005
£

Revenue from continuing operations 263,014
---------
Total revenue for the period 263,014
---------

Gross loss from continuing operations (137,111)
Gross margin from continuing operations (52.1%)
=========

EBITDA (loss from continuing operations before finance costs, tax,
depreciation and amortisation) (18,524)
---------

Net profit from continuing operations 496,277
---------
Total net profit for the period 496,277
---------

Average monthly number of employees 0
---------

Earnings per share
basic, for profit for the period attributable to 1.55p
ordinary equity holders of the parent
---------
diluted, for profit for the period attributable to 1.44p
ordinary equity holders of the parent
---------

Debt ratio (total liabilities/total assets) 0.13
---------

To monitor financial performance over the medium-term, REG focuses on earnings
per share. REG's aim remains to provide increasing returns for its shareholders
through earnings per share and sustainable dividend growth.

Dividend and reduction in share premium account

The Board is announcing an interim dividend of 1p per share. The Board is
committed to paying a dividend for the full year of 4p per Ordinary share. This
will require the passing of a resolution at an Extraordinary General Meeting
("EGM") of the Company's shareholders to reduce REG's share premium account thus establishing a distributable reserve. As outlined at the time of the Company's launch and subsequent fundraising, REG's distributable reserves will likely prove insufficient to facilitate the payment of a dividend of 4p in this its first financial year. Notice of the EGM will be included with the Interimm Statement due to be sent to shareholders on the 15 March 2006. In accordance with the requirements of IAS 10, the interim dividend has not been recognised as a liability in the un-audited interim consolidated financial statements at 31 December 2005.

Renewable Energy Generation's objectives and strategy

REG is a renewable energy company which aims to plan, build and construct a
portfolio of mainly wind generation projects, diversified by technology,
geographical location and income stream. REG's shareholders benefit from the
rising value of renewable energy created by the World's commitment to a low
carbon future.

REG invests in projects which are capable of providing returns which exceed the
Company's cost of capital by a margin higher than that necessary to accommodate
risk. REG aims for its investments to provide increasing returns to its
shareholders through earnings-driven dividend growth.

REG has a strong team based in the UK and in its domestic market is committed to investment in projects at all stages of development. In overseas markets which may carry a higher level of risk, REG's policy is to partner with strong local and international companies that can oversee the planning, construction and operation of renewable energy projects on REG's behalf. A good example of this is the Tymien project in Poland.

REG benefits from the experience of its Manager, REG Power Management. This
consolidates the experience of The Probyn Group of Canada and Premier Asset
Management and Pure Energy Professionals both based in the UK.

Corporate activity

REG completed three transactions over the period. These were:

The Cornwall Light & Power Co. Limited ("CLP")

REG bought CLP in June 2005. CLP owns the Goonhilly Downs wind farm on the
Lizard Peninsula in Cornwall. The project is mature and consists of 14 Vestas 34 machines each of 400KW output, making a total project capacity of 5.6MW. The
project is situated on one of the better wind sites in the UK and has the
potential, should all of the necessary consents be forthcoming, to be repowered
for increased production capacity. This would substantially increase an already
acceptable return from the project.

Subsequent to purchasing CLP, the REG management team put in place a two and a
half year power purchase agreement ("PPA") for the project. Under this
agreement, power from the site, including climate change levy exemption
certificates and peak demand benefits but excluding any renewable obligation
certificates ("ROCs"), are sold to Smartest Energy under fixed terms. REG will
sell the ROCs produced by Goonhilly into the marketplace on a spot basis. The
PPA commenced on 1 October 2005 and runs to the end of March 2008.

Tymien - Poland

Tymien, located approximately 5 km from the Baltic Coast, has a renewable
generation capacity of 50 MW and is Poland's largest wind project to date. It
has been developed by EEZ Sp. Z o.o. ("EEZ") of Poland and is expected to begin
commercial production in the spring of 2006. The project is ahead of schedule
and has already sent its first power to the Polish grid. Tymien will utilise 25
Vestas V80 2MW turbines, which have a proven track record of production.

REG has its investment in Tymien with Invenergy Wind, a highly regarded power
developer. Under the agreement with Invenergy Wind, REG is entitled to share in
the returns received from the investment in EEZ until a 15% target Internal Rate of Return has been achieved, following which REG will receive an ongoing
residual cash return. This investment will be in-line with REG's policy of
investing in EU accession countries where it believes there is selective
potential for more attractive returns than in mainstream EU countries.

In addition, through its agreement with Invenergy Wind, REG will have the
potential to invest in other wind projects in Poland, which are anticipated to
constitute approximately 140 MW.

CLP Wind Projects

In September REG purchased 24 potential wind projects in the UK from NPower
Renewables Limited, a wholly owned subsidiary of The RWE Group of the UK.

The total portfolio exceeds 75MW and the assets are spread throughout England
and Wales. The projects comprise distributed or 'embedded' generation in rural
locations, typically utilising 2 or 3 modern turbines. This approach is directly in line with the government's aim to make electricity supply less dependent upon centralised large power stations. By generating closer to the end-user, power losses in overhead lines are reduced and greater value is gained per unit of generation. In addition, a more diverse national power supply is created. Each project should typically produce enough electricity to meet the annual needs of several thousand people in the surrounding area.

The portfolio contains projects at various stages of planning consent. A number
have already gained planning consent, and the majority are well advanced in the
process. REG intends to commence construction on the consented sites as soon as
is practicable. Each of the projects should enjoy a well above average wind
resource and hence, REG believes, can generate electricity very competitively
over the next two decades making a positive contribution to the UK's requirement for environmentally sound energy production.

Outlook

REG remains focussed on enhancing and creating value for its shareholders from
investing in renewables projects that offer sustained returns above REG's cost
of capital. The environment for renewables is accommodating and the Company has
the financial resources to develop its existing portfolio whilst seeking new
opportunities to invest capital. Our challenge is to consolidate the projects
that we have bought, particularly CLP Wind Projects, and this, together with
completion of the Tymien project, is likely to be the main driver of REG's
earnings growth over the next two years.

Investor Timetable for 2006

15 March Shares ex dividend for interim dividend
15 March Interim report sent to shareholders with EGM resolution
17 March Record date for interim dividend
31 March Final date for return of special resolution
03 April EGM
07 April Interim dividend sent to shareholders

Please follow link to read the full Un-audited interim consolidated results for the period ending 31 December 2005.

[qazwsx123] 02/3/2006 11:34

RNS Number:1615Z
Renewable Energy Generation Ltd - Notice of Results

2nd March 2006

Notification of Interim Results Announcement

Renewable Energy Generation Limited, an investor in renewable energy generation
projects, will announce its interim results for the half year ending 31st December 2005 on 6th March 2006.

[qazwsx123] 23/2/2006 14:20

Another large purchase of shares, as follows:

.............................................

RNS Number:8402Y
Renewable Energy Generation Ltd.
23rd February 2006

1) Name of Shareholder having a major interest: Morley Fund Management Ltd.

2) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them:

Morley Fund Management Ltd:

BNY Norwich Union Nominees Limited 1,050,000*
Chase GA Group Nominees Limited 950,000*
CUIM Nominee Limited 1,000,000*
BNY Norwich Union Nominees Limited 356,119
Credit Agricole Indosuez 300,000
Vidacos Nominees Limited 4,084,949

* denotes beneficial interest

3) Number of shares/amount of stock acquired: 50,000 shares

4) Percentage of issued class: 0.09%

5) Date of transaction: 9th February 2006

6) Total holding following this notification: 7,741,068 shares

7) Total percentage holding of issued class following this notification: 14.07%

.............................................

For other recent shareholder declarations, refer to Post 1:

[Abuse team] 16/2/2006 12:26

Post removed by ADVFN

[asparks] 10/2/2006 15:59

To all who are interested in renewable / alternative energy investments please see this new moderated thread.

[glenlears] 09/2/2006 11:29

morning,q. see there been a nice buy. 1p up. could this be leading to something ?

[qazwsx123] 09/2/2006 09:18

Another large purchase of shares, as follows:

.............................................

RNS Number:1572Y
Renewable Energy Generation Ltd
09 February 2006

1. Name of Shareholder having a major interest: Millennium Partners LP

2. Number of shares/amount of stock acquired: 1,950,000

3. Percentage of issued class: 3.545%

4. Date of transaction: 07 February 2006

5. Total holding following this notification: 1,950,000 shares.

.............................................

For other recent shareholder declarations, refer to Post 1:

[qazwsx123] 08/2/2006 10:03

jezboy1 (Post 8) RWE have said they hope to pay a dividend of 4p per share for the Year Ending 30/6/06; and 6p per share for the following year.

[jezboy1] 08/2/2006 10:01

Any idea when the company will be posting its first financial report?
I note that ex-div is June 06 (what is that as yield?)
Like the previous poster, I am keen to see sustainable
energy companies florish. Not just to keep us away from
middle-east oil, but to ensure we all have a world to live
in for generations to come.

[qazwsx123] 08/2/2006 09:37

It is also a credit to the Company and Institutional investors confidence in their prospects, they were able to raise £30m in a Placing last November, just six months after they were listed on AIM; when they originally raised a lessor amount of £25m. Notably also, the Placing in November had no negative effect of the actual share price.

As I said in the header, the demand for wind power is growing, and such projects are said to be comparatively low risk, sustainable, and have the potential to rapidly generate revenues once they come on stream.

[sheeneqa] 08/2/2006 08:46

Very competitive industry, Vestas and Gamesa not finding it easy to make a profit...Watching with interest, hope this company works out, need to wean ourselves away from the mad mullahs oil....

[qazwsx123] 08/2/2006 08:43

glenlears, welcome. I think it is more difficult for a large company like Scottish Power to continue to grow, in comparison with a small company like RWE, who appear to have plans for growth, including expansion in eastern/northern Europe (and who could be taken-over).

[glenlears] 08/2/2006 08:36

morning q.
i see Energy giant Scottish Power has good bit of profit, wonder why share price has dropping. good luck.

[qazwsx123] 06/2/2006 13:58

Recent shareholder declarations, as follows:

1) 2/11/2005: Andrew Whalley (CEO) bought 30,000 shares (0.12%) total holdng 30,000 (0.12%).

2) 8/11/2005: F&C Asset Management bought 3,000,000 shares (5.5%) total holding 3,000,000 (5.5%).

3) 9/11/2005: Chase Nominees bought 1,938,687 shares (3.52%) total holding 4,938,687 (8.9%).

4) 10/11/2006: Fidelity International bought 1,500,000 shares (2.72%) total holding 4,000,000 (7.2%).

5) 22/12/2005: Avia PLC & subsidiares bought 90,000 shares (0.16%) total holding 7,750,000 (14.09%).

6) 14/12/2005: MPC Pilgrim Fund bought 4,360,750 shares (7.9%) total holding 4,360,750 (7.9%).

7) 12/1/2006: New Star Asset Management bought 250,000 shares (0.45%) total holding 8,250,000 shares (15%).

8) 9/2/2006: Millenium Partners LP bought 1,950,000 shares (3.545%) total holding 1,950,000 (3.545%).

9) 10/2/2006: Correction of Declaration on 9/2/2006: Millenium Partners LP, number bought not stated, total holding 1,950,000 (3.545%).

10) 23/2/2006: Morley Fund Management Ltd. bought 50,000 shares (0.09%) total holding 7,741,068 (14.07%).

The above holdings represent approximately 62.5% of the shares, indicating strong institutional support for the Company imo.

This list is believed to be correct at 23/2/2006, but readers should check recent news announcements, to satisfy themselves of its accuracy.