The sites covered by the agreements are French Farm (4MW), Rodbaston (4MW), Brackagh Quarry (6MW), Mynydd Portref (12MW) and Hallburn Farm (12MW) in the UK. The wind turbines to be supplied by Gamesa have a combined capacity of 38 MW. Once commissioned, they will more than double REG’s total wind power capacity to 72.7 MW. The new wind farms are to be constructed over the next 18 months and are line with the company’s strategy to operate a 300 MW diversified portfolio of UK renewable energy projects, including wind, solar and biopower, within three years.
“REG is already a profitable, multi-divisional renewables company, and these five new projects will more than double our own-operated wind capacity in the UK to 72.7MW” said REG CEO Andrew Whalley. “Combined with our operational 26MW of bio-power projects, and the wind and solar assets we operate on behalf of third parties such as leading fund manager Blackrock, the total power generating capacity under our management will hit 150MW. At this point, we will be halfway towards achieving our stated objective to operate a portfolio of 300MW over the next three years across our wind, bio, solar and asset management divisions.”
Mr Whalley added that the company is now in an excellent position to capture the value created by its pipeline of projects.
Under the terms of the agreements, Gamesa will manufacture, install and commission the turbines. It will also provide long term servicing and maintenance. The total combined annual output of all five projects, once operational, will be 92,000 megawatt hours (MWh) which will increase the company's total annual wind power output to 183,000 MWh. The capital cost of all five projects is expected to be in the region of £48 million.
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