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Renewable Energy Holdings
AIM-listed renewable energy company set up to invest in and become the operator and owner of renewable assets across Europe
Interim results
In what is shaping up to another milestone year for the company, REH moved into profit in the first half, and reported very useful progress in the expansion of its proven technology assets, and the commercialisation of CETO. The portfolio of operating assets now covers costs on a cash flow basis.
CETO – Catching the waves in Bermuda
MOU with Triton Renewable Energy
Proposed 2 MW test site, then 20 MW installation
Commercialisation of CETO could provide uplift of 53p per share
Portfolio progressing at all levels
On track for 150 MW wind capacity in 2010
Biogas progressing well
Commercial roll-out of CETO in Northern and Southern Hemispheres
Significant headway in stabilising financial position
Share price target of 118p, with strong potential for 53p further uplift from CETO
Encouraging progress
CETO receives further boost to commericalisation
Exciting prospects in Poland and Wales
Target price of 118p vs current of 49.5p per share
Strong progress on financing and projects
Excellent recent newsflow on financing and projects
European windfarm and landfill progressing with strong pipeline in place
CETO (wave energy) boosted by new collaborations
£10m provided by investors to maintain momentum
Renewable Energy fair value / share raised to 118p, versus current 47p
