Escondido, CA.—June 25, 2007—enXco (an EDF EN Company) and Xcel Energy have signed an agreement in which enXco will develop and build a 100-MW wind farm, near Austin, Minnesota, located in Mower County. Known as the Grand Meadow Wind Farm, this will be the first wind project in Minnesota owned by Xcel Energy. This project is expected to be operational by the end of 2008.
enXco has filed a separate site permit for the wind farm that is capable of supporting up to 200-MW of wind generation. The first phase of this project is expected to consist of 67, GE 1.5 MW wind turbines which will be erected over a 20 square mile area. The additional 99.5 MW capacity could be used to meet Minnesota's growing energy needs.
According to Dave Sparby, Xcel Energy's acting president and CEO of Northern States Power Co.-Minnesota, an Xcel Energy company, "Developing this renewable energy resource will help Xcel Energy further our commitment to preserve and protect the environment while meeting our customers' growing electrical needs."
"Following enXco's Chanarambie, Viking and Fenton projects, Grand Meadow Wind Farm represents another example of enXco's commitment to developing wind-energy projects in Minnesota. It also represents a new phase in our growing relationship with Xcel Energy," said Jorge Colmenares, Vice President of Project Structuring and Transactions.
enXco, inc. (www.enxco.com) an EDF-EN Company (www.edf-en.com) develops, operates and manages wind-energy projects throughout the United States. Since 1987, enXco has grown to be a significant owner and developer of wind-energy installations in the United States, and is the largest third-party O&M provider for wind parks, currently servicing more than 3600 turbines (1500 MW).
EDF Energies Nouvelles, a 50% owned affiliate of the EDF Group, is specialized in renewable power generation, with a primary focus on wind power. It has built up positions in the European Union, mainly in five countries (France, Portugal, Italy, The UK and Greece) and in the United States. With an installed capacity of 887 MW and an annual turnover of € 335 million, EDF EN is a leading market player in the renewable energy sector.
Xcel Energy (NYSE: XEL) is a major US electricity and natural gas company with regulated operations in eight Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.3 million electricity customers and 1.8 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.
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