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DJ Good Energy Group PLC Sale of Brynwhilach Solar Park for £5.6m

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RNS Number : 0824Y

Good Energy Group PLC

03 May 2019

3 May 2019

Good Energy Group PLC

Completion of the sale of Brynwhilach Solar Park for GBP5.6m

100% renewable electricity supplier and localised self-generation power service provider, Good Energy Group PLC ("Good Energy" or "the Company"), today announces that it has completed the sale of the 5MW solar park at Brynwhilach Farm near Swansea to CORE Pisces Limited in partnership with Gower Power Co-op CIC, a local Welsh community energy company. CORE Pisces is owned by CORE Home Nations Limited, funded by Big Society Capital Limited.

As previously announced, the deal was for GBP5.6m cash consideration and subject to certain sale conditions which have now been completed.

Good Energy will continue to be the PPA off taker for the site and will use the sale proceeds for general corporate purposes, including to fund investment initiatives supporting strategic growth, efficiency and profitability as already outlined by the Group.

Enquiries:

 
 Good Energy Group PLC                Tel: +44 (0)1249 766795 
  Juliet Davenport, Chief Executive 
  Charles Parry, Investor Relations 
 Investec Bank plc (Nominated         Tel: +44 (0) 20 7597 5970 
  Adviser) 
  Jeremy Ellis 
  Sara Hale 
 Walbrook (Financial PR)              Tel: +44 (0) 20 7933 8794 
  Paul Cornelius 
  Nick Rome 
 

Notes to editors:

About Good Energy www.goodenergy.co.uk

Good Energy was founded in 1999 by Juliet Davenport OBE with the ambition to tackle climate change by generating and investing in renewable energy. Its purpose is to power the choice of a cleaner, greener future together with its customers, employees and investors.

Since it started, the company has been supplying clean power, sourced from its own generation assets as well as from independent, UK-based renewable generators. Good Energy also pioneered a more localised approach to energy by supporting home generation, launching the HomeGen scheme in 2004, which became the blueprint for the Feed-in Tariff.

Today, it continues to support and invest in localised energy generation, as the only UK energy company with more home-generation customers than supply. From using digital innovation to help UK households and businesses manage their energy usage more efficiently, to empowering more people to generate, store and share clean power, it is leading the charge towards a cleaner, distributed energy system.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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May 03, 2019 10:15 ET (14:15 GMT)