enXco Will Move Forward in the Solar Photovoltaic Energy Market Based on a Major Supply Contract Signed Between EDF EN and First Solar
Escondido, CA.—July 9, 2007—enXco, Inc. (an EDF EN Company) is poised to move into the solar photovoltaic energy market, based on a major supply contract signed between EDF EN and the US based company, First Solar. This order covers 230 MWp in modules deliverable progressively between mid-2007 and year-end 2012. Use of these modules is planned for Europe, the United States and Canada.
"With such a significant purchase of inventory by our parent company, and having that inventory available for enXco's project development activities, it opens the door for enXco to move forward with utility and commercial-scale projects in a fast and effective manner. As a leader in wind-energy, we are poised to utilize our expertise in the development of solar projects and thus become a leader in this fast-growing segment of renewable energy within the Southwest and throughout the United States and Canada," said Tristan Grimbert, enXco's President and Chief Operating Officer.
enXco (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 US and is the largest third-party O&M provider for wind parks, currently servicing more than 3600 turbines (1500 MW).
Founded in 1990, EDF Energies Nouvelles (www.edf-en.com) is a world-class player in the green electricity generation market, with gross installed capacity of 1,037 MW worldwide at 31 December 2006 (including net capacity of 770 MW), plus 615 MW in gross capacity under construction (including 401 MW net). With a presence in 9 European countries and in the United States, EDF Energies Nouvelles operates in four renewable energy segments (wind, hydro, biomass and solar). 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).