Rome, 13 July 2006 ¡V Enel today finalised the acquisition a French company specialised in the development of wind plants, for 14.2 million euro. The transaction involves 100% of the shares of the company, 94% of which had been held by Chantre Davaniere SA and 6% by Axenne Sarl.
This operation brings Enel into the promising wind power market in France, which is growing rapidly and has considerable potential. The installed capacity of the French wind market totals about 920 MW. With the acquisition, Enel continues its global strategy for developing power generated from renewable resources.
Erelis, which is based in Lyon, was established in 2002. Projects under development amount to about 500 MW of power, of which 14 MW will be operational in 2007, 96 MW are at an intermediate or advanced stage and 290 MW at the initial development stage. Erelis is also developing about 110 MW for third parties. The projects are located in various regions in France.
The acquisition will enable Enel to become a significant player in the French wind market in the period from 2007 to 2010 and to create an excellent platform for future growth in that country. The operation also helps strengthen Enel¡Šs position in the renewables sector, where the company is a world leader with more than 19,000 MW of installed capacity in hydroelectric, wind, geothermal, solar and biomass facilities.
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