Novera Expands Renewable Energy Holdings

Sydney, Australia [] Novera entered into a conditional agreement with Macquarie Renewables Limited (MRL) to acquire its 50 percent holding in Novera Macquarie Renewable Energy Joint Venture Limited (NMRE) for GBP 30 million [~US$59 million]. NMRE, which has a large diversified renewable energy portfolio in the UK with an installed operating capacity of 131 MW at 59 sites, was established in the UK in December 2004 as a 50:50 joint venture between Novera and Macquarie Bank Group as a vehicle for operating and acquiring landfill gas and biomass renewable energy assets.
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