Hedgehog100
20 Nov 2015
Sec. of State Overrules Examiner The Secretary of State’s Decision Letter of 20 November 2015 OVERRULED the recommendation of the Examining Authority (ExA) Philip Asquith, in his report dated 20 August 2015, who conducted the examination into the application. Paragraph 6 of today's letter:- "6. The ExA recommended that the Secretary of State grants development consent for the Development in the form set out in his report."[link]
Hedgehog100
03 Nov 2015
Potential energy shell REH also looks to have very good potential as an energy shell, with its large tax losses, and Utilico's near 30% holding - so the main creditor has a vested interest in keeping REH going in some form.Could the listing be utilised by CWE (Carnegie Wave Energy) to obtain a dual-listing in London?
Hedgehog100
03 Nov 2015
Mynydd y Gwynt decision this month I've revisited REH recently as a potential planning permission trade, in view of MAC's ten-bagging between the start of May and latter August this year (from about a penny to over 10p), before falling back:26/08/2015 07:12 UKREG Marechale Capital PLC Northfield UK Solar Update "Further to the Company's announcement on 21 August, the Directors of Marechale Capital are pleased to announce that Kettering Borough Council has granted planning permission for Northfield UK Solar Limited's ("Northfield"
49.9MW solar scheme at Desborough. The Company has a 26% equity shareholding in Northfield and this solar scheme. ..."[link] long-awaited final planning permission decision on REH's 81-89.1MW Mynydd y Gwynt wind farm is due by the 20th of this month, and I believe that the likelihood of approval is very good: "What happens next 20/11/2015 - Deadline for Secretary of State to make decision The Planning Inspectorate issued a report of recommendation to the Secretary of State on 20 August 2015. The Secretary of State has 3 months in which to issue a decision. The decision letter and report of recommendation will be published on this page of the website"[link]
slopjockey
21 Aug 2015
DECC mulls 81MW Powys farm [link]
Uncas
16 Jun 2015
Re: Mynydd y Gwynt Ltd 20 April Deadline My understanding is the decision from the SoS will be 'BY' 20 Nov. As the United Nations international climate conference will be held at Le Bourget from 30 November to 11 December I was hoping the decision would be after as an increase in green energy, even at a higher cost looks very possible IMO but WTFDIK
farmerdave
09 Jun 2015
Re: FAO Farmer Dave OK -congratulations on the position
John of Groats
09 Jun 2015
FAO Farmer Dave I have just been elected as Vice Chairman of our local council which is taking up a fair amount of my time so I am not sure when I can sit down to update my calculations based on the latest accounts.
John of Groats
09 Jun 2015
Re: REH Final Results Sorry, the first sentence should read, "The net asset value of Kobylany has been reduced from £3,831m to £1,573m." It's stll nowhere near enough to pay off the Utilico loans.
farmerdave
08 Jun 2015
Re: REH Final Results JohnCWE price 4.7 cents a share. NAV somewhere between -4p to +1p a share depending on huge number of factors - still paying a director 150k a year and interest of 900k a year .........WJat is your valuation for MYG ?FD
John of Groats
08 Jun 2015
REH Final Results The net asset value of Kobylany has been reduced from £3,831 to £1,573. That is much less than the £6.5m currently owed to Utilico (£2.5m from the 2009 loan and £4m from the 2013 loan facility). A firesale looks increasingly likely. It is definitely worth reading note 28 to the accounts to see how Utilico has extracted very tough conditions on the disposal of MyG. Selling to anyone other than Utilico is fraught with difficulties. Then there are factors noted on page two of the results: the changes to wind farm subsidies (not to our benefit), that the next opportunity to bid for supplying electricity is unlikely before winter 2016, and that connection to the National Grid may take till October 2019 (assuming no unforeseen delays). The Utilico loans need to be repaid by the end of 2015 so it is likely that repayment will have to be postponed again, incurring continued interest charges and the possibility that Utilico will want even more onerous terms.CWE continues to make progress but the share price has fallen from the 10 cents I used in my calculations of August 2013 to 0.47 cents.When I do finally get down to reassessing the net value of REH, I can see some significant reduction will be necessary.
John of Groats
05 Jun 2015
Utilico Loan Utilici have agreed to extend the loan for another 5 months, to the end of the year. Of the £4.25m facility, REH have already drawn down £4m, leaving just £0.25m available to last this year. I hope there are no more large costs to bear before one of the assets can be sold.The decision on MyG is due in November, so they need to line up a buyer by then (assuming the decision is positive).It is impossible to put a deadline on the sale of Kobylany. I suppose Utilico may eventually lose patience and force a firesale.
John of Groats
21 May 2015
Re: Mynydd y Gwynt Ltd 20 April Deadline No, only a recommendation from the Planning Inspectorate. Within six months we will have a decision from the Secretary of State.
farmerdave
14 May 2015
Re: Mynydd y Gwynt Ltd 20 April Deadline So 3 months from today and we will have the decision on the welsh wind farm ?FD
Uncas
22 Apr 2015
Mynydd y Gwynt Ltd 20 April Deadline [link]
Uncas
20 Apr 2015
Carnegie Get Paid Australian Renewable Energy Agency make final payment for Perth CETO installation[link]
