Wednesday, March 05, 2008

GDF acquires Wind Power Company Nass & Wind Technologie

Gaz de France has just signed the acquisition of Nass & Wind Technologie, specialised in developing, building and operating land-based wind farms in France.

Founded in 2001, Nass & Wind Technologie, a subsidiary of the Nass & Wind Group, is an electricity producer that develops wind farms on its own behalf and for third-parties in France, and anchored in Brittany.

Nass & Wind Technologie operates installed capacity of 34 MW. The company received all the necessary construction permits for 150 MW in the short term and owns a project pipeline totalling approximately 1 500 MW.

This acquisition is fully in step with the Group's strategy in electricity production generated from renewable energies, in particular wind energy. Gaz de France already owns the largest wind farm assets in France, with installed capacity of almost 145 MW at the beginning of 2008.

In light of the acquisitions carried out over the last few months, Gaz de France has decided to focus and rationalise the stakes it holds by creating a subsidiary dedicated to renewable energies, which will be named "GDF Futures Energies". This company now encompasses all of the subsidiaries and shares owned by Gaz de France in the field of electricity generated from wind power: Maïa Eolis, Erelia, Eoliennes de la Haute-Lys and soon Nass & Wind Technologie.

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