enXco & Xcel Close 201-MW Wind Sale

enXco and Xcel Energy closed on the Wind Project Purchase and Sale Agreement (WPPSA) for the Nobles Wind Project, a 201-megawatt (MW) wind facility to be constructed in Nobles County, Minnesota.The Minnesota Public Utilities Commission approved the Nobles Wind Project on May 28, 2009. The closure of the WPPSA transfers the project ownership to Northern States Power Co. –an Xcel Energy operating company.

“Closing the WPPSA is an important milestone in the development of the Nobles Wind project,” said Steve Peluso, vice president development for enXco’s Midwest Region. “The Spring weather allows us to step up construction efforts, generating 150 jobs in the next few months. We are pleased to once again partner with Xcel Energy to bring economic and renewable benefits from the Nobles Wind Project to their customers in the Upper Midwest.”

The Nobles Wind Project, consisting of 134 GE 1.5 MW turbines is expected to be operational by the end of 2010, helping Xcel Energy to reach its Renewable Portfolio Standard target of generating 30 percent of its retail electrical sales with renewable power by 2020.

The agreement between enXco and Xcel Energy builds on the experience the two companies attained through their joint developments of nearly 500 megawatts over the past several years including Grand Meadow Wind Farm, Fenton Wind Project, Viking Wind Project and Chanarambie Wind Project all located in Minnesota, as well as, Peetz Wind Project in Colorado.

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