enXco Signs 201-MW Wind Energy PPA

enXco and Indianapolis Power & Light Company (IPL) have entered into a power purchase agreement (PPA) for a 201 megawatt (MW) wind facility to be built in southwestern Minnesota. enXco will develop, build and own the wind project that will use 134 GE 1.5-MW turbines while IPL will purchase the power generated under a 20-year power purchase agreement.

The project, expected to be operational by the end of 2010, will be operated and maintained by enXco’s Service Corporation. The Lakefield Wind Project, which is subject to the approval of the IURC as well as the Minnesota Public Utility Commission (MPUC), is the result of an RFP issued by IPL in December 2008.

“This agreement between enXco and IPL builds on the experience our two companies attained through the development of the 106 MW Hoosier Wind Project in Benton County, Indiana which is currently under construction. Both projects have excellent access to the high-voltage network in the Midwest allowing customers in Indianapolis to benefit from two of the premier wind-energy basins in the country,” said Tristan Grimbert, president and CEO of enXco.

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