enXco Acquires 38 MW Chestnut Flats Wind Farm From Gamesa

enXco — an EDF Energies Nouvelles Company announced today it has signed a purchase agreement to acquire from Gamesa Energy USA, LLC, 100% of the equity interest in Chestnut Flats Wind Power, LLC and all project assets owned by the special purpose company. Full ownership will transfer to enXco, subject to satisfaction of customary closing conditions, which is expected by the end of 2011.

Chestnut Flats Wind Energy, developed and built by Gamesa Energy USA, LLC, 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 marks our first operational wind asset in Pennsylvania and we look forward to developing a long-term relationship with the landowners and local community. This further represents our first opportunity to build a relationship with Delmarva and deliver renewable energy to their northeast customer base."

"With the sale of the Chestnut Flats project to enXco, Gamesa continues to demonstrate our capabilities not just as a world leader in the manufacture of wind turbines but also as an industry leader in the development, construction and sale of wind farms here in North America," said Jiddu Tapia, Gamesa’s Chief Development Officer for North America.

enXco — an EDF Energies Nouvelles Company develops, constructs, owns, operates and manages renewable energy projects throughout the United States. For more than two decades, we have been a leader in wind energy focusing on large-scale wind projects. Today enXco’s portfolio includes solar and biomass technologies, in an effort to help drive our nation’s transition to a sustainable energy economy. enXco is a significant owner and developer of wind power installations in the United States, and is the leading third-party operations & maintenance provider for wind farms in North America.

Gamesa Technology Corp., Inc., a global leader in the design and manufacture of wind turbines and the development, construction and sale of wind farms, has installed more than 22,000 MW in 30 countries on four continents. Gamesa entered the North American market in 2005 and built two manufacturing plants, a nacelle plant and a blades facility, both in Pennsylvania. Since entering the market, Gamesa has supplied wind turbines to more than 27 wind farms in the United States. In 2010, Gamesa ranked No. 3 in the United States for total wind power installations, according to the American Wind Energy Association. Gamesa also exports its U.S.-manufactured turbines to North and Central American countries.