Renewable Energy Holdings plc announced that, consequent to its declared strategy of realising the value of its assets by disposing of them, returning available cash to shareholders and reducing overheads, the following changes to the board of directors of the company will take effect from April 1, 2013: Sir John Baker will stand down as Chairman of the Board, but will remain a non-Executive Director; Roger Harper, currently a non-Executive Director, will become non-Executive Chairman; and Michael Proffitt, currently Chief Executive, will stand down as a director and as Chief Executive to concentrate on other interests.

Renewable Energy Holdings plc (REH) has put its assets for sale. The company is engaged in active discussions with a number of potential acquirers. John Baker, Chariman, said: "We have had enquiries on our permitted wind project in Kobylany and a number of interested parties have conducted due diligence. However, the Polish wind energy market had, until July this year, faced considerable uncertainty in relation to government policy on the Polish tariff regime. This was addressed in a recent government announcement indicating the creation of a stable tariff regime, and this appears to be having a positive impact on the market. We are engaged in active discussions with a number of potential acquirers and, whilst there can be no guarantee of concluding a deal, we remain confident that we will be able to realize shareholder value."

Renewable Energy Holdings plc reported unaudited consolidated earnings results for the six months ended June 30, 2012. The company reported loss from operations of £667,000, loss before income tax of £5,734,000, loss attributable to owners of parent of £5,863,000 or 8.43 pence per basic and diluted share against loss from operations of £616,000, loss before income tax of £11,513,000, loss attributable to owners of parent of £11,699,000 or 16.81 pence per basic and diluted share a year ago. Cash generated used in operations was £773,000 against £1,033,000 a year ago. Acquisition of property, plant & equipment was £215,000 against £192,000 a year ago.