News
Endesa building French wind farm
Spanish utility Endesa SA said Monday a subsidiary is building a 10 megawatt wind farm in France.
The company is investing 13.4 million euro ($17.6 million) in the wind farm in Brittany, a region in the Northwest of France.
Endesa said revenue from the wind farm is guaranteed, a result of a 2001 French decree that utility Electricite de France must buy all energy produced by wind farms.
November 27, 2006
by Associated Press
in Business Week
Spanish utility Endesa SA said Monday a subsidiary is building a 10 megawatt wind farm in France.
The company is investing 13.4 million euro ($17.6 million) in the wind farm in Brittany, a region in the Northwest of France.
Endesa said revenue from the wind farm is guaranteed, a result of a 2001 French decree that utility Electricite de France must buy all energy produced by wind farms.
Endesa’s U.S.-listed shares fell 41 cents to $46.14 in afternoon trading on the New York Stock Exchange
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