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Congratulations to Renewable Energy Generation (REG) -

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Congratulations to Renewable Energy Generation (REG)

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Nsure Renewables congratulate their client Renewable Energy Generation Ltd (REG) on the sale of their 12 MW operational wind farm at Goonhilly Downs in Cornwall to a fund managed by BlackRock.

Under the terms of their existing Asset Management Agreement with BlackRock, REG will continue to manage operations at the wind farm, with Nsure Renewables continuing to arrange the wind farm insurance.
REG Group currently has 38MW of projects with planning consents as well as 140MW of projects awaiting determination. The proceeds of the sale, together with REG's existing funds, will be employed in moving both existing and new consents to construction as quickly as possible, accelerating the growth of the Company and maximizing returns to shareholders.

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