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Renewable Energy wins period of exclusivity to assess site for wind farm project 

Renewable Energy Holdings PLC said it has secured a period of exclusivity from Mynnydd y Gwynt, the vendors of a proposed wind farm site in Llangurig, Wales to assess the viability of a wind farm development on the site.

The company said the period of exclusivity runs up to August 31, until when it will have access to data and work performed to date by Mynnydd y Gwynt.

The company said early data reviews have led it to expect a memorandum of understanding for the project will be signed by the end of August and the site is capable of providing up to 90 MW of generating capacity.

Chief executive Mike Proffitt said he believes the project is capable of superior financial returns due to its location, having an exceptional wind-regime and falling within the UK’s renewable obligations certificates jurisdiction.

Thompson Financial

Hemscott

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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