November 27, 2006
France

Endesa building French wind farm

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.

businessweek.com

URL to article:  https://www.wind-watch.org/news/2006/11/27/endesa-building-french-wind-farm/