For the first half of this year, wind speed returned to normal for the British Isles, giving Renewable Energy Generation, the Aim-quoted green energy company a revenue boost.
Revenues rose by 23 per cent for the period to June, after being abnormally low for the last two winters.
Chief Executive Andrew Whalley said total sales will be boosted as three new plants come on stream. These include one at Sancton Hill in Yorkshire and another in County Durham. The group has also just gained permission to re-power St Breock wind farm in Cornwall generating 10 MW, according to the Financial Times.
However, Mr Whalley warned the results should be set against a regulatory and political backdrop that has not been easy for the windpower industry, with government policy becoming confused by “conflicting priorities of energy security, economy, affordability and sustainability for a growing population”.
For more power business news