Shell WindEnergy Enters California With 41 MW Acquisition

Shell Renewables has made its first move into the California wind energy market. The company’s U.S. wind energy operation, Shell WindEnergy Inc., has signed an agreement to acquire the 41 MW Cabazon Pass wind park in the San Gorgonio Pass area, west of Palm Springs, California.

LONDON, England – May 22, 2002 [] The acquisition brings Shell WindEnergy’s capacity in the US to 171 MW and is a key component of the company’s aim to become a leading player in the wind sector. The Cabazon Pass wind park will be built by Cannon Power Corporation, with 62 Vestas 660 kilowatt turbines, and is scheduled to begin generating electricity by the end of August 2002. The electricity will be sold under a power purchase agreement to the California Department of Water Resources. The San Gorgonio Pass has over 1,300 turbines installed, generating 420 MW. “This deal gives us a stake in the San Gorgonio Pass which is considered to be one of the best areas in the US for wind energy development,” said David Jones, Chairman of Shell WindEnergy Inc. “Combined with our existing wind parks we are demonstrating our commitment to being a major player in the US wind sector. At the same time we’re building up a strong team of people based in the US and Europe, who are busy negotiating deals and scouring our chosen markets for attractive business opportunities.” “Cannon Power has developed, constructed, owned and operated wind energy projects in the US and Europe since the early 1980s,” said Gerry Monkhouse, Chairman of Cannon Power. “It is a challenging business and I’m pleased to see a major company of Shell’s stature enter the arena, especially in the California market. Our teams enjoyed working together on the Cabazon Pass project and in my judgment Shell will quickly become a major presence in the international wind energy industry.” Shell’s interest in the wind power value chain spans origination, development, financing, construction and operation of wind parks. Europe and North America are the principal areas of focus, targeting both established wind markets and emerging wind energy markets. Overall, more than 3,000 MW of wind energy projects are currently being developed or evaluated by Shell in the US and Europe. Shell WindEnergy operates two other wind parks in the US – Rock River 1 (50MW) in Wyoming and White Deer (80MW) in Texas.
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