Company Invests in Iowa Wind Farm

Entergy Corporation, through its Houston-based independent power development business unit, has purchased majority ownership of the 80-MW Top of Iowa Wind Farm, which is the company’s first investment in wind-powered generation.

Houston, Texas – October 2, 2002 [] The project was purchased for an undisclosed amount from Houston-based Zilkha Renewable Energy and its partner, Midwest Renewable Energy Corporation. As part of the transaction, Zilkha and Midwest will retain a long-term minority ownership in the project and Zilkha will continue to manage and operate the project. The Top of Iowa Wind Farm, located across 5,500 acres, contains 89 NEG Micon turbines, which each can produce 900 kW of power. The turbines are sited on agricultural property owned by 52 landowners and are positioned to gain maximum benefit from the consistent wind.
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