ENDESA Begins Construction on Two Wind Farms in Sicily
October 11 2005 - 10:24AM
Business Wire
ENDESA: -- The total estimated investment in the facilities is Euro
66 million. -- The wind farms will have a total installed capacity
of 56 MW. -- These two new facilities further ENDESA Italia's
renewable energy programme which contemplates almost 400 MW of wind
generated energy in Italy by 2009. -- These wind farms form part of
Endesa's strategic plan, representing another milestone in the
implementation of the group's global environmental and sustainable
development policy. Endesa (NYSE: ELE) announced yesterday that
Endesa Italia has begun construction on two new wind farms in
Sicily with a combined installed capacity of 56 MW. The wind farms,
located in Trapani and Vizzini, are expected to be operative in
summer 2006. The total estimated investment in the facilities is
Euro 66 million. The wind farms will consist of 66 wind turbines,
each with a capacity of 850 kW. The Trapani wind farm will have 38
wind generators totalling capacity of 32.3 MW while the Vizzini
farm will have 28 wind turbines, giving it capacity of 23.8 MW.
These wind farms will result in environmental benefits in the form
of annual savings of approximately 10,000 tonnes of oil and 84,000
tonnes of CO2 emissions. These initiatives further ENDESA Italia's
renewable energy programme which contemplates almost 400 MW of wind
generated energy in Italy by 2009. The wind farms form part of
ENDESA's strategic plan, representing another milestone in the
implementation of the group's global environmental and sustainable
development policy. ENDESA currently has 20 MW of wind farm
capacity in Sardinia and has signed a framework agreement with
GAMESA ENERGIA to acquire the latter's Italian wind farms -- with a
total installed capacity of 200 MW -- over the next three years or
less. 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, 2004. 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.
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