Athens, October 23rd, 2009 Today, Enel Green Power signed an agreement for the acquisition of two subsidiaries of the Domiki Crete and ATESE Groups (hereinafter: the Groups) in Greece, namely:
1) Aioliko Voskerou S.A., with an operational 5.95 MW wind park located in the Prefecture of Heraklion (Crete) as well as the companys pipeline.
2) Aioliko Koukoulona S.A., with an installation license of a 5 MW wind park in the Prefecture of Rethymnon, in Crete.
Following this agreement, Enel Green Powers installed capacity in the country will exceed 133 MW from the current 127 MW.
On September 1st 2009, Enel Green Power submitted to Domiki Crete S.A. and ATESE S.A. a binding offer, accepted on September 3rd 2009, therefore greenlighting Enels acquisition of Aioliko Voskerou S.A. and Aioliko Koukoulona S.A.
"Enel Green Power is a worldwide leader in renewables and Greece with its huge growth potential in this sector represents key market to us," commented Francesco Starace, President of Enel Green Power. "We are committed to further investing in this country and, after the two wind parks and the mini-hydro plant we started operating this year, this most recent acquisition represents another step to reach our growth target in Greece."
Moreover, the above mentioned agreement also entitles Enel to exercise an option for the acquisition of a wind pipeline of approximately 280 MW from the Groups.
Enel Green Power is the Enel Group company dedicated to developing and managing worldwide energy generation from renewable sources in Italy and abroad. It operates over 4,500 MW in plants relying on hydro, wind, geothermal, solar and biomass sources in 14 countries in Europe and the Americas. With over 17 billion kWh produced annually, Enel Green Power is an European leader in the renewables industry.