Spanish utility Endesa SA said Monday a subsidiary is building a 10 megawatt wind farm in France.
The company is investing 13.4 million euro ($17.6 million) in the wind farm in Brittany, a region in the Northwest of France.
Endesa said revenue from the wind farm is guaranteed, a result of a 2001 French decree that utility Electricite de France must buy all energy produced by wind farms.
Endesa’s U.S.-listed shares fell 41 cents to $46.14 in afternoon trading on the New York Stock Exchange.
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