Rome, 30 April 2009 - Enel Green Power has signed an agreement with Eurus Energy Europe to acquire the rights to 50% of wind power projects with an installed capacity of up to 400 MW. The wind power projects are being developed at sites with high wind power potential in Calabria.
"The agreement with Eurus will enable Enel Green Power to begin electricity generation from wind power in Calabria, making a significant contribution to the development of this resource in the region Francesco Starace, President of Enel Green Power said. We are very pleased to work with Eurus, a leading wind power generator that has been operating for decades in the development of major wind power plants in countries around the world. The construction of these wind facilities will significantly increase the installed wind power capacity of Enel Green Power in Italy. At the end of 2008, Enel Green Powers installed wind power capacity in Italy had risen to 380 MW. Enel's commitment to renewable energy is significant and growing. We are number one in the world in this sector with a output of over 17 billion kilowatt-hours and an operational presence in 16 countries in Europe and the Americas, with a total installed capacity of about 4,500 MW. These new projects are further demonstration of our ability to play a leading role in the development of wind energy in our country."
"We are so excited and proud to work with an excellent partner such as Enel Green Power Tetsuro Nagata, President and C.E.O. of Eurus Energy Holdings Corporation stated. We are aiming to add these projects to Euruss growing portfolio of wind generation through this partnership and are looking forward to our continuing relationship with Enel Green Power and further extension into other markets".
Eurus Energy Europe B.V., a company wholly owned by Eurus Energy Holdings Corporation - a joint venture owned by Tokyo Electric Power Company and Toyota Tsusho Corporation - is one of the leading wind power operators in the world, with over 1,700 MW of installed capacity.
Enel Green Power S.p.A., founded in December 2008, is the Enel Groups company dedicated to the development and management of power generation from renewable resources at the international level, present in Europe and the Americas. It is a world leader in renewables generation, with 17 billion kilowatt-hours of output, enough to satisfy the demand of around 6.5 million households each year and avoid 13 million metric tons of carbon dioxide emissions. The company has an installed capacity of approximately 4,500 MW, with 500 plants in operation or under construction throughout the world. Its generation mix includes wind, solar, hydroelectric and geothermal energy.