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Renewable Energy

The UK Government and European Energy Policy is clearly directed toward increasing the proportion of renewable energy within a sustainable framework of energy mix. Harworth Power has access to a considerable portfolio of sites suitable to the development of renewable energy installations.

Wind projects are commercially attractive, with much synergy to the business. Owning suitable sites is the main catalyst for investigation of projects, but when other aspects of wind schemes are considered such as planning expertise, competences in generation, electrical, civil and mechanical engineering, the commercial benefits increase, and the commercial / engineering risk reduces. There also exists opportunities to support the regeneration and redevelopment of former colliery sites through the provision of clean, green energy.

In the last quarter of 2008 the Group completed a strategic collaboration agreement with Peel Energy, a wholly owned subsidiary of the Group’s major shareholder, Peel Holdings. Under the Agreement, Peel Energy will undertake investigative work on 14 existing wind farm opportunities and where appropriate take forward, at their own cost, projects through the planning stages to ultimately identify joint venture wind farm development opportunities. Harworth Estates will additionally work closely with Peel Energy to identify further wind farm opportunities from within the portfolio.

The Sustainable Development Commission has also produced an excellent document regarding wind energy which can be found at http://www.sd-commission.org.uk/publications.php?id=234. A pocket sized version of this report is also available and can be requested from Harworth Power by e-mailing enquire@harworthpower.com