Renewable Energy Generation, engaged in the construction and operation of wind farms, has reported a group trading loss of GBP2.1 million for the first six months ended December 31, 2008, compared to a group trading loss of GBP2.5 million for the same period of 2007.
Renewable Energy Generation has reported group revenue of GBP4.7 million for the first six months ended December 31, 2008, compared to GBP1.2 million for the same period of 2007.
The company has reported capital expenditure of GBP28 million for the first half of 2008, compared to GBP30 million for the same period of 2007.
Andrew Whalley, CEO of Renewable Energy Generation, said: “Since the end of 2008, the operating environment for all three of our businesses has improved. We have a robust pipeline of good wind projects, are optimistic about the benefits that the Canadian Green Energy Act will bring to our smaller project proposition and certain to see strong potential from our vegetable oil plant.
Renewable Energy Generation (REG) is an international renewable energy group. The Group’s main business is the development, construction and operation of wind farms in the UK and Canada. It also generates power from refined used cooking oil in the UK.
