THEOLIA commissions the second part of the Gargouilles wind farm

Commissioning of the second part of the Gargouilles wind farm: 9.2 MW for own account in France
Strong increase in the Sale of electricity for own account activity of +21%

Commissioning of the second part of the Gargouilles wind farm

The Gargouilles wind farm is fully operational. According to the initial planning, the second and final part of the wind farm has been commissioned end of September 2011. The construction works and the tests preceding the industrial commissioning have been completed.

The Gargouilles wind farm is located in the Eure et Loir department in France, in the towns of Gommerville, Oysonville and Pussay. It comprises 8 Enercon wind turbines, each with a capacity of 2.3 MW, for a total capacity of the farm of 18.4 MW.

The construction works began in October 2010 and the first part of the farm, for a capacity of 9.2 MW, was commissioned end of June 2011. The commissioning of these 9.2 MW for the second part of the farm brings the total installed capacity managed by the Group to 896 MW, of which 310 MW are held for own account.

These 9.2 MW will contribute to the Sale of electricity for own account activity starting from the fourth quarter of 2011.

During the same period, the Group developed and built a 18.4 MW wind farm on behalf of a third party on sites next to the Gargouilles one. These services are recorded in the Development, construction, sale activity of the Group.

Revenue for the first nine months of 2011

The Group’s consolidated revenue for the first nine months of 2011 amounted to 40 million euros. Following the implementation of the policy of reduction in the pace of wind farm disposals, the Group did not sell any wind farm or project over the period.

The Sale of electricity for own account activity grew by +21%. By reducing the pace of wind farm disposals and by focusing on commissioning new wind farms, the Group increases its recurring revenue benefitting from a dependable margin.