enXco, EDF Energies Nouvelles’ US subsidiary, today announced it has signed a purchase agreement to acquire from Gamesa Energy USA, 100% of the equity interest in Chestnut Flats Wind and all project assets owned by the special purpose company. Full ownership will be transfer to enXco, subject to satisfaction of customary closing conditions, which is expected by the end of 2011.
Chestnut Flats wind project, developed and built by Gamesa Energy USA, is located in Logan Township, Blair County, northwest of Altoona, Pennsylvania. The project utilizes 18 G90 and one G87 Gamesa turbines with a rated capacity of two megawatts. Delmarva Power and Light Company, a subsidiary of PHI, will purchase the energy produced under a 20-year Power Purchase Agreement.
This acquisition marks the first operational wind asset of EDF EN in Pennsylvania. It will grow the Group’s generation portfolio and will strengthen its position in the USA.
EDF Energies Nouvelles is a market leader in renewable energy electricity, with a portfolio of more than 9 GW gross installed capacity focused for the most part on wind (onshore and offshore) and solar photovoltaic energy. Mostly operating in Europe and North America, EDF Energies Nouvelles continues its development by taking strong positions in promising emerging areas such as Brazil, Chile, China, India or South Africa. The Company is also present in other segments of the renewable energy market: marine energy, biomass and distributed energies. EDF Energies Nouvelles manages renewable energy projects’ development and construction as well as operation and maintenance for its own account and for third parties. EDF Energies Nouvelles is a subsidiary of the EDF Group dedicated to renewable energy.MEDIA RELATIONS