EDF ENERGIES NOUV. 
By 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.
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.
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