Endesa (NYSE:ELE)
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ENDESA (NYSE:ELE):
The wind farm, located in Brittany, entails an investment of Euro
13.4 million and will have installed capacity of 10 MW.
This wind farm will result in environmental benefits in the form of
annual savings of approximately 22,000 tonnes of CO2
emissions.
Construction of this wind complex falls under the umbrella of ENDESA’s
Strategic Plan, which envisages bringing on line 200 MW of additional
wind power in France via SNET in the next two years.
SNET, a subsidiary of ENDESA (NYSE:ELE), has begun construction of the
10 MW capacity Ambon wind farm, situated in the gulf of Morbihan in the
region of Brittany.
This complex will entail investment of Euro 13.4 million and will
consist of 6 wind turbines, each with capacity of 1.67 MW.
The site has a wind power potential of approximately 2,217 equivalent
hours per annum at full throttle.
Revenues from the wind farm are guaranteed by virtue of the French
decree dated 8 June, 2001 which stipulates that EDF must purchase all
energy produced by wind farms.
From an environmental standpoint, the wind farm’s
annual output will result in annual savings of approximately 22,000
tonnes of CO2 emissions.
This additional capacity falls under the umbrella of ENDESA’s
Strategic Plan and is provided for in SNET’s
business plan, the objectives of which include bringing installed wind
capacity to 200 MW by 2008. Snet continues to search for new
opportunities, guided by its strategic imperative of minimising risk
during the development stage.
These initiatives reaffirm ENDESA’s commitment
to the environment and sustainable development, where it is in line with
the French government’s policy target of
generating 21% of energy consumption from renewable sources, as provided
for in the related European Directive.
In addition to the Ambon wind farm, ENDESA currently has another 10 MW
wind farm under construction in France: the Léhaucourt
farm, situated in Picardy in the region of l’Aisne.
It is expected to be operational in February 2007 and will entail an
estimated investment of Euro 10 million.
* This document may contain certain forward-looking statements regarding
anticipated financial and operating results and statistics that are
subject to risks and uncertainties as well as to material risks, changes
and other factors which may be difficult to predict, including, without
limitation, those factors described in the Documento de Registro de
Acciones of Endesa filed within the Comisión
Nacional del Mercado de Valores and in the Form 20-F of Endesa filed
within the Securities and Exchange Commission, both for the fiscal year
ended December 31, 2005. For all of these forward-looking statements, we
claim the protection of the safe harbour for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.
ENDESA (NYSE:ELE):
-- The wind farm, located in Brittany, entails an investment of
Euro 13.4 million and will have installed capacity of 10 MW.
-- This wind farm will result in environmental benefits in the
form of annual savings of approximately 22,000 tonnes of CO2
emissions.
-- Construction of this wind complex falls under the umbrella of
ENDESA's Strategic Plan, which envisages bringing on line 200
MW of additional wind power in France via SNET in the next two
years.
SNET, a subsidiary of ENDESA (NYSE:ELE), has begun construction of
the 10 MW capacity Ambon wind farm, situated in the gulf of Morbihan
in the region of Brittany.
This complex will entail investment of Euro 13.4 million and will
consist of 6 wind turbines, each with capacity of 1.67 MW.
The site has a wind power potential of approximately 2,217
equivalent hours per annum at full throttle.
Revenues from the wind farm are guaranteed by virtue of the French
decree dated 8 June, 2001 which stipulates that EDF must purchase all
energy produced by wind farms.
From an environmental standpoint, the wind farm's annual output
will result in annual savings of approximately 22,000 tonnes of CO2
emissions.
This additional capacity falls under the umbrella of ENDESA's
Strategic Plan and is provided for in SNET's business plan, the
objectives of which include bringing installed wind capacity to 200 MW
by 2008. Snet continues to search for new opportunities, guided by its
strategic imperative of minimising risk during the development stage.
These initiatives reaffirm ENDESA's commitment to the environment
and sustainable development, where it is in line with the French
government's policy target of generating 21% of energy consumption
from renewable sources, as provided for in the related European
Directive.
In addition to the Ambon wind farm, ENDESA currently has another
10 MW wind farm under construction in France: the Lehaucourt farm,
situated in Picardy in the region of l'Aisne. It is expected to be
operational in February 2007 and will entail an estimated investment
of Euro 10 million.
* This document may contain certain forward-looking statements
regarding anticipated financial and operating results and statistics
that are subject to risks and uncertainties as well as to material
risks, changes and other factors which may be difficult to predict,
including, without limitation, those factors described in the
Documento de Registro de Acciones of Endesa filed within the Comision
Nacional del Mercado de Valores and in the Form 20-F of Endesa filed
within the Securities and Exchange Commission, both for the fiscal
year ended December 31, 2005. For all of these forward-looking
statements, we claim the protection of the safe harbour for
forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995.