PARIS--(BUSINESS WIRE)--Regulatory News:
EDF Energies Nouvelles announces the signing of a new agreement for the development and construction of the Crane Creek project in Iowa on behalf of a third party. This 99 MW wind farm will be delivered in 2009.
The agreement between enXco, the US subsidiary of EDF Energies Nouvelles, and Wisconsin Public Service Corporation (WPSC), a regional public utility supplying electricity and gas, covers the development and construction of a wind farm of 66 GE turbines, each with 1.5 MW in unit capacity.
Initiated in 2002, the development of the Crane Creek project has now reached a major milestone. It is due to be finalised during 2008, with the award of all the requisite permits from the Iowa state authorities. Construction of the facility is scheduled for 2009.
The development and construction of wind farms on behalf of third parties represents an integral part of EDF Energies Nouvelles’ strategy. This Development and Sale of Structured Assets (DSSA) business is carried out in response to demand from American utilities.
About EDF Energies Nouvelles
Founded in 1990, EDF Energies Nouvelles (Paris:EEN) is a world-class player in the green electricity generation market, with gross installed capacity of 1,443 MW worldwide at 31 December 2007, plus 1,100 MW in gross capacity under construction. With a presence in nine European countries and in the United States, EDF Energies Nouvelles operates in four renewable energy segments (wind, solar, biomass and hydro). Wind energy currently accounts for more than 80% of its installed capacity. With its unique profile as an integrated operator, EDF Energies Nouvelles, which posted 2007 revenues of €560 million has a presence spanning the entire value chain, from development and construction through to production and operations & maintenance. The Group also pursues the development and sale of structured assets, which consists primarily in selling renewable energy generating assets to individuals or to energy services companies.
EDF Energies Nouvelles is a 50%-owned subsidiary of the EDF group.
Since 28 November 2006, EDF Energies Nouvelles has been listed in Compartment A of Eurolist by Euronext Paris (code: EEN, ISIN code: FR0010400143). www.edf-energies-nouvelles.com