enXco, the US subsidiary of EDF Energies Nouvelles, today announced it has closed a purchase agreement with Element Power, a developer and operator of renewable projects, to acquire the 150 MW Bobcat Bluff wind project under development in Texas in the United States.
The construction of the Bobcat Bluff wind project, located in Archer County in Texas, south of Wichita Falls, is expected to begin this spring. With a capacity of up to 150 MW, it will be equipped with General Electric 1.5 MW turbines. The wind park is expected to enter operations in December 2012.
The uncertainty surrounding the renewal of the Production Tax Credit for wind energy projects post 2012 has created opportunities for EDF Energies Nouvelles to move into regions where it was not already operating. This agreement follows the recent project acquisitions of Spinning Spur (Texas, 161 MW) in January 2012 and Chestnut Flats (Pennsylvania, 38 MW) in December 2011 and allows the Group to boost its production capacity in the United States.
With Shiloh IV, Pacific Wind and Spearville 3 projects, enXco will build and commission more than 650 MW of wind in the United States in 2012.
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