Escondido, CA.—July 20, 2009—enXco, an EDF Energies Nouvelles Company (PARIS: EEN) and Indianapolis Power & Light Company (IPL) have entered into a Power Purchase Agreement for a 201 megawatt wind facility to be built in southwestern Minnesota.
enXco will develop, build, and own the wind project consisting of 134 GE 1.5 MW turbines while IPL will purchase the power generated under a 20-year power purchase agreement. The project, expected to be operational by the end of 2010, will be operated and maintained by enXco Service Corporation.
"This agreement between enXco and IPL builds on the experience our two companies attained through the development of the 106 MW Hoosier Wind Project in Benton County Indiana which is currently under construction. Both projects have excellent access to the high-voltage network in the Midwest allowing customers in Indianapolis to benefit from two of the premier wind-energy basins in the country. We are pleased to extend an already successful relationship with IPL and to continue to add renewable resources to the energy supply mix in the Upper Midwest." said Tristan Grimbert, president & CEO of enXco.
The Lakefield Wind Project, which is subject to the approval of the IURC as well as the Minnesota Public Utility Commission (MPUC), is the result of an RFP issued by IPL in December 2008.
enXco (www.enxco.com) - an EDF Energies Nouvelles Company (www.edf-energies.nouvelles.com) - develops, constructs, operates and manages renewable energy projects throughout the United States. For more than two decades, they have been a leader in wind-energy focusing on large-scale wind projects. enXco's portfolio includes solar and biomass technologies, in an effort to help drive the transition to a sustainable energy economy. enXco has grown to be a significant owner and developer of wind-energy installations in the United States, and is the largest third-party operations and maintenance provider for wind farms in North America.
Indianapolis Power & Light Company (IPL - www.IPLpower.com), provides retail electric service to about 470,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County.
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