Escondido, CA.—November 14, 2007—enXco, an EDF EN Company, has completed development and construction on Minnesota's largest wind farm to date, the Fenton Wind Project, and commercial operation has been approved by the Minnesota Independent Transmission System Operator, Inc. (MISO). The Fenton Wind Project is comprised of 137 G.E. 1.5 megawatt wind turbine generators, with a project output of 205.5 MW. The project spans a stretch of farm fields seven miles long and seven miles wide, through Murray and Nobles Counties. Each year the wind farm is expected to produce enough energy for more than 66,600 homes. The project was developed by enXco Development Corporation, is owned by Fenton Power Partners LLC and will be operated and maintained by enXco Service Corporation.
"The Fenton Wind Project marks the 20th anniversary in wind-energy development for our company," said James Walker, the Vice President of Asset Management for enXco, and the current President-Elect of the American Wind Energy Association (AWEA). "This project represents some of our best work as a team, and credit should go to enXco's Development and O&M employees, Xcel, Mortenson, General Electric, the state of Minnesota, and local communities and landowners, for making this project a reality. The complexity of the financing means that we could not have completed the deal without the diligent work by the Fenton financing partners, which includes Union Bank of California, Wells Fargo, GE Energy Financial Services and NY Life, as well as the Lender Administrative Agent, Dexia, which represents a syndicate of over ten banks."
Under a 25-year agreement, enXco will own and operate the Fenton Wind Park and will sell all the energy it produces to Xcel Energy.
enXco, Inc. (www.enxco.com) an EDF-EN Company (www.edf-energies-nouvelles.com), develops, constructs, 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 projects. enXco is the largest O & M 3rd party provider for wind farms, with more than 3,200 turbines and more than 1,000 MW under contract. enXco is also active in developing solar and other renewable energy projects utilizing the most current and innovative technologies available today.
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