REG WindPower is a renewable energy company, in the United Kingdom.
Contents
- Wind farms owned and operated by REG
- Company history
- Financial Results
- Proposed new wind farms
- Controversies
- References
REG Windpower is one of the UK’s leading developers and operators of small to medium-sized wind farms, operating nine sites in England and one in Wales, with a combined operational capacity of 41.15 MW.
Its headquarters are in Bath, England.
The ultimate parent company Renewable Energy Generation Limited, registered in Jersey, was put into liquidation in January 2016.
Wind farms owned and operated by REG
Its nine operational wind farms are:
Company history
REG Windpower was founded as the Cornwall Light and Power Company in 1989, and changed its name to REG Windpower in 2010. REG Windpower is owned by Renewable Energy Generation Ltd.
REG Ltd is listed on the London Stock Exchange Alternative Investment Market (AIM).
As well developing, building and operating wind farms, the group also generates renewable energy from used cooking oil through its subsidiary company REG Bio-Power.
Financial Results
In March 2011, REG reported pre-tax losses, which the company blamed on unusually low wind levels in the preceding year.
Financial Year 2012 - pre-tax loss of £2,313,731
Financial Year 2013 - pre-tax loss of £4,683,136
Financial Year 2014 - pre-tax loss of £4,838,896
Financial Year 2015 - pre-tax loss of £17,678,599
Proposed new wind farms
In October 2011, REG Windpower launched public consultation on several new wind farms in England. If completed, these projects will have a combined installed capacity of almost 50MW.
The projects are:
Controversies
REG Windpower has attracted criticisim over their selection of some of their development sites.