Rome, 18 October, 2006 - Enel SpA, through its subsidiary Enel North America, Inc., has entered into an agreement with Windkraft Nord USA (WKN USA), to buy all of the interest and rights to the 63 MW Snyder Wind Project (Snyder), to be developed in Scurry County, Texas. The new wind farm will provide Texas with clean wind power in 2007.
Snyder will employ Vestas most cutting-edge technology, the V90 3.0 MW wind turbine generator. Snyder represents the first time that this turbine model will be used at a project of this size in the United States.
Enel North America marks another step forward in wind power, fully in line with our strategic target to grow in renewable worldwide. said Fulvio Conti, Enel CEO. This deal, coupled with the partnership we signed in September with TradeWind Energy to develop over 1,000 MW of wind capacity, further confirms Enels strong commitment to develop the wind market in the USA
WKN USA will remain involved in the project as the construction manager. Florian Zerhusen, Managing Director of Windkraft Nord USA, stated I am very excited about WKNs first project in the United States. We are proud to continue our important relationship with Vestas and to have found in Enel a strong partner that will make this cornerstone project for WKN a reality.
Enel is Italys largest power company and Europes third-largest listed utility by market capitalization. Listed on the Milan and New York stock exchanges since 1999, Enel has a market capitalization of about EUR44 billion at current prices and the largest number of shareholders of any European company, at some 2.1 million. Enel has one of the largest portfolio of renewable energy plants and projects in the world with 19,000 MW of installed hydropower, geothermal, wind, biomass and solar. Included in this, is over 360 MW of installed wind capacity in the United States, Costa Rica and Italy, in addition to over 900 MW of installed wind capacity in Spain via its partnership in Enel Union Fenosa Renewables. In addition, Enel has over 2,700 MW of wind in various stages of development in Spain, France, Romania, Slovakia, the United States and Canada.
About Enel North America, Inc.
Enel North America, Inc. is a leading owner and operator of renewable energy plants in North America, with operations in 17 U.S. States and 2 Canadian Provinces. Enel North America owns and operates over 70 projects with an installed capacity of over 400 MW powered by renewable hydropower, wind and biomass. Enel North America recently announced a partnership with TradeWind Energy, LLC to co-develop a 1000 MW pipeline of wind projects.
About Wkn USA
Wkn USA is the US subsidiary of Germanys renowned developer WKN Windkraft Nord AG. With more than 50 wind projects successfully developed, constructed and half of them under management, WKN has grown to be a significant turn-key developer with offices in five countries.
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