enXco to acquire wind development assets from Cielo

19 January 2012 (Last Updated January 19th, 2012 18:30)

enXco has entered into a purchase agreement with a Cielo Wind Power subsidiary to acquire development assets from its 161MW Spinning Spur wind project in Texas, US.

wind project

enXco has entered into a purchase agreement with a Cielo Wind Power subsidiary to acquire development assets from its 161MW Spinning Spur wind project in Texas, US.

The site covers 28,426 acres and is located in the Oldham County; it consists of 70 units of Siemens's 2.3MW turbine, which will be built by Wanzek Construction.

As stated in the agreement, electricity generated by the facility will be sold to Southwestern Public Service Company, a wholly owned subsidiary of Xcel Energy.

Construction is expected to start in June, with operations beginning in December 2012.

enXco president and CEO Tristan Grimbert said: "After having evaluated this significant wind market on previous occasions, we believe now is the right time to enter the Texas market and Spinning Spur provides a perfect opportunity."

Cielo chairman and president Walter Hornaday added: "Spinning Spur will deliver long term pollution free wind energy to Southwestern Public Service Company and trigger significant economic development through the creation of both Texas and New Mexico based construction jobs. We are pleased to work with enXco, a leading North American project developer and operations and maintenance company, to bring this valuable project to fruition"

enXco is an EDF Energies Nouvelles Company; it develops, constructs, owns, operates and manages renewable energy projects throughout the US.

 

Image: Electricity generated by the US wind project will be sold to Southwestern Public Service Company. Photo: courtesy of Dan