Escondido, CA.—August 8, 2008—enXco announces that its parent company, EDF Energies Nouvelles has signed an agreement with Clipper Turbine Works, a subsidiary of US manufacturer Clipper Windpower, to supply 27 wind turbines, each with 2.5 MW in capacity, to build the first tranche of the La Ventosa wind farm in Mexico.
This order will help EDF Energies Nouvelles to take a decisive step forward with its plans to build the 67.5 MW wind farm in Oaxaca, Mexico. Construction is due to be completed by year-end 2009. The electricity generated will supply several Wal-Mart stores under a power purchase agreement that has already been signed.
enXco will provide supervision of the construction activities as well as be in charge of the Operation and Maintenance of the project.
This order with a new turbine supplier fits perfectly with the Group's strategy of diversifying its purchases.
enXco, Inc. (www.enxco.com) an EDF-EN Company (www.edf-energies.nouvelles.com) develops, constructs, 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 renewable energy installations in the United States, and is the largest third-party operations & maintenance provider for wind farms in North America.
Founded in 1990, EDF Energies Nouvelles is a world-class player in the green electricity generation market, with gross installed capacity of 1,443 MW worldwide at 31 December 2007, plus 1,100 MW in gross capacity under construction. With a presence in nine European countries and in the United States, EDF Energies Nouvelles operates in four renewable energy segments (wind, solar, biomass and hydro). Wind energy currently accounts for more than 80% of its installed capacity. With its unique profile as an integrated operator, EDF Energies Nouvelles, which posted 2007 revenues of €560 million has a presence spanning the entire value chain, from development and construction through to production and operations & maintenance. The Group also pursues the development and sale of structured assets, which consists primarily in selling renewable energy generating assets to individuals or to energy services companies. EDF Energies Nouvelles is a 50%-owned subsidiary of the EDF group. Since 28 November 2006, EDF Energies Nouvelles has been listed in Compartment A of Eurolist by Euronext Paris (code: EEN, ISIN code: FR0010400143). www.edf-energies-nouvelles.com
Clipper Windpower is a rapidly growing company engaged in wind energy technology, turbine manufacturing, and wind project development. With offices in the United Kingdom, United States of America (California, Colorado, Iowa, and Maryland), Denmark, and Mexico and a ISO9001:2000 QMS Certified, 330,000 square foot manufacturing and assembly facility located in Cedar Rapids, Iowa, the company designs advanced wind turbines, manufactures its 2.5-MW Liberty wind turbine and actively develops wind power generating projects in the Americas and Europe. Clipper is a public company listed on the London Stock Exchange's Alternative Investment Market (AIM). Clipper's ticker symbol is CWP. www.clipperwind.com.