|Theolia completes acquisition of the Compagnie Eolienne du Détroit with an output of 50.4MW in Morocco (2008/01/08 5:45 PM)|
THEOLIA confirmed on 4 January 2008 its acquisition of the Compagnie Eolienne du Détroit (CED) from the majority shareholder EDF International. The initial agreement, signed in September 2007, was subject to conditions precedent, which have all now been lifted. THEOLIA has paid a total of €42.5m to give it 100% of the share capital of CED.
Based in Tétouan, in the north of Morocco, the Compagnie Eolienne du Détroit owns the largest installed wind farm in North Africa. It comprises 84 turbines, with a total installed capacity of 50.4MW and produces around 190 GWh per year. A team of 10 has been managing the wind farm since 2000.
Jean-Marie Santander, CEO of THEOLIA commented: ‘THEOLIA's acquisition of the Compagnie Eolienne du Détroit underlines our strategy in Morocco and North Africa. The farm is ideally located producing around 3,800 hours of full load hours. Theolia will use its expertise to further optimise this wind farm, and encourage greater use of alternative energy in Morocco. This wind farm will be a show-case for emerging markets.'
THEOLIA Group's wind energy portfolio as at 31 December 2007
THEOLIA is a leading European electricity producer from renewable energy. The Group operates France, Germany, Spain, Greece, Italy and, via its subsidiary Theolia Emerging Markets, in a range of emerging markets including India, Brazil, some of Eastern Europe and Morocco.
For further information please contact :
Société anonyme à Conseil d'Administration au capital de 38 643 671 €
Headquarters: Parc de la Duranne – 860 rue René Descartes
Les Pléiades Bât F – 13795 Aix en Provence cedex 3
Tél : + 33 (0)4 42 904 904 – Fax : + 33 (0)4 42 904 905 – www.theolia.com
THEOLIA is quoted on Eurolist B of Euronext Paris under the mnemonic: TEO
This publication embed "Actusnews SECURITY MASTER".
- SECURITY MASTER Key: nW2fYZ2cZZebnmueapdlnGdobWpjmJPFaWLGm5ZvacrJmmuSmmlpZ5XKZmpil2hv
- Check this key: https://www.security-master-key.com.