The electricity generated will be sold to Southwestern Public Company, a wholly owned subsidiary of Xcel Energy, under a 15-year power purchase agreement. Construction is due to begin in the first half of this year, with the facility scheduled for commissioning in December 2012.
This will be enXco’s first wind project in Texas. This acquisition will boost EDF Energies Nouvelles’ production capacity and its position in the United States.
"The situation in the US wind energy market and the uncertainty surrounding the renewal of the Production Tax Credit post 2012 have created opportunities for partnerships with major developers such as Cielo Wind Power. First and foremost, this represents an ideal step for us to move into the Texas market as a producer of wind electricity," commented David Corchia, Chief Executive Officer of EDF Energies Nouvelles.
With operations in Europe and North America, EDF Energies Nouvelles is a market leader in green electricity production. With a development focused on wind energy for several years and more recently on solar photovoltaic, the Group is also present in other segments of the renewable energies market: small hydro, marine energy, biomass, biofuel and biogas. In addition, the Group is expanding in the distributed renewable energies sector. EDF Energies Nouvelles is a subsidiary of the EDF group.