EDP Renováveis S.A. (“EDPR”) acquires 85% of Italian Wind srl, from Co-Ver group (an industrial conglomerate from the north of Italy), adding to its portfolio several wind projects in Italy totaling 520 MW in different stages of maturity and in prime locations: i) 4 wind projects totaling 108 MW classified as Tier 2; ii) 98 MW of projects classified as Tier 3; and iii) 314 MW classified as prospects.

The amount paid for the above mentioned stake is €12 million (Enterprise Value) and additional success fees will be paid as the wind projects reach certain predefined milestones. Through this transaction EDPR acquires a quality pipeline in Italy and incorporates a team with a strong local expertise and track record on the Italian renewable sector, with an accumulated experience in the development and construction of 125 MW.

The Italian wind market has a high growth potential due to its current stage of development. With 4.9 GW of wind installed capacity in 2009 (+1.1 GW vis-à-vis 2008), Italy is one of the most promising wind markets in Europe. The approved renewable obligation quota set by the government required in 2009 a 5.3% of the electricity supplied to be sourced from renewable technologies, escalating to 7.6% by 2012.

The entrance in the Italian market, will allow EDPR to be exposed to one of the most attractive countries in Europe given its strong regulatory framework, enabling the company to selectively diversify its growth options and expand its European footprint. EDPR expands its geographical diversification to 10 markets around the World (US, Spain, Portugal, France, Belgium, Poland, Romania, UK, Italy and Brazil) and increases its optionalities to deliver a sustainable long term profitable growth.

1. Alstom Enters the Turkish Wind Energy Market With a Contract for a 24 MW Project

   Alstom has signed a contract with Güriş Construction and Engineering Co. Inc. through Güriş’s subsidiary, Eolos Wind Energy Generation Co....

2. Suzlon Enters Swedish Wind Market With 4.2 MW Order

   Order for 4.2 MW through two Suzlon S88-2.1 MW wind turbines Suzlon Wind Energy A/S (SWEAS), the international business arm...

3. Wind Energy Market Status–H1 2011

   - 18,4 GW of new installations in first half of 2011, 43,9 GW expected for the full year - China...

4. Gamesa closes a new deal for the supply of wind turbine generators in the Italian market

   January, 7, 2009 The Spanish company will supply Alerion with a total of twenty-six 850 kW wind turbine generators Gamesa...