26.4.2007: Meldung: Renewable Energy Holdings Announces Credit Facility

Renewable Energy Holdings plc ("REH"), the AIM-listed investor and operator of proven and innovative renewable energy technologies, today announces that it has been informed that Standard Chartered Bank has obtained credit approval to provide REH with a project finance facility of up to £91.8m. The facility will fund the refinancing of REH"s existing assets in Germany and subsequently, subject to meeting certain investment criteria and conditions, the 4.6MW expansion to its German windfarm, a further 8MW expansion in Germany and the Company"s windfarm pipe-line in Europe and the UK. It is expected that the legal and documentation requirements for financial close of the facility will be satisfied within the next month.

"We always planned to refinance our German projects as the level of equity required for construction financing was considered too high," said Mike Proffitt, Chief Executive Officer of Renewable Energy Holdings. "I am delighted that the Company will now see the release of that capital which will be used for further growth."

Shane Bush, Head of Global Renewable Energy at Standard Chartered Bank, said, "Standard Chartered Bank is delighted with the opportunity to strengthen its relationship with REH as it commences this key stage of growth in the very attractive renewable energy market."

For further information, please contact:
Renewable Energy Holdings plc
Mike Proffitt, Chief Executive Officer
Tel: 01624 641199
Parkgreen Communications Ltd
Paul Mc Manus
Tel: 020 7479 7933 or Mob: 07980 541 893
paul.mcmanus@parkgreenmedia.com
Nabarro Wells & Co. Ltd
Richard Swindells
Tel: 020 7710 7400
Paul McManus
Parkgreen Communications Ltd
Pegasus House
37-43 Sackville Street
London W1S 3EH
Tel: 020 7479 7933
Mob: 07980 541 893
Reception: 020 7851 7480
Fax: 020 7494 9085
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