enXco Acquires Bobcat Bluff Wind Project
enXco, an EDF Energies Nouvelles Co., and Element Power US, LLC, Portland, Ore., closed on the purchase of the Bobcat Bluff Wind Project, which spans approximately 14,000 contiguous acres located approximately 20 miles south of Wichita Falls in Archer County, Texas.
In the coming months, enXco intends to deploy up to 150 megawatts of GE 1.5 sle turbines. Construction is expected begin this spring with an operational date set for December 2012.
"This transaction provides enXco with an opportunity to enter the strong wind resource market of the Energy Reliability Council of Texas (ERCOT) while the federal Production Tax Credit (PTC) program is in effect. By working with Element Power, we can leverage our collective experience and resources to complete projects within the December 2012 timeframe," says Tristan Grimbert, president and CEO of enXco, San Diego, Calif. "Bobcat Bluff marks our second development acquisition within Texas in the first quarter of 2012. Both projects are scheduled for construction and completion this year."