Press releases
EDF Energies Nouvelles acquires 38 MW Chestnut Flats wind project in the USA
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.
About EDF Energies Nouvelles
Operating in Europe and North America, EDF Energies Nouvelles is a market leader in green electricity production, with a portfolio of 4,200 MW of gross installed capacity. With a development focused on wind and solar photovoltaic energy, the Company recently entered 3 new promising markets: Israel, Morocco and South Africa, and is expanding its business in offshore wind energy. The Company is also present in other segments of the renewable energy market: marine energy, biogas, biomass and small hydro as well as in distributed energies. EDF EN manages renewable energy projects’ development, financing, construction as well as operation and maintenance for its own accord and for third parties. EDF Energies Nouvelles is a subsidiary of the EDF Group and its renewable energy arm.
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