ENDESA Starts Work on the New Valpardo Wind Farm in Avila
June 29 2005 - 9:32AM
Business Wire
ENDESA (NYSE:ELE): -- The farm will have installed capacity of
21.5MW and an estimated output of 57GWh a year. -- It will require
an investment of approximately Euro 20 million and is scheduled to
come on stream at the end of this year. -- This project will bring
ENDESA's installed capacity in the region of Castilla y Leon up to
267MW, accounting for 16% of the total capacity installed in this
region. -- The construction of this wind power complex is part of
ENDESA's strategic plan and underlines the company's commitment to
the environment and sustainable development. ENDESA (NYSE:ELE) will
have 21.5 MW of new wind capacity in the region of Castilla y Leon
once its cogeneration and renewable energy subsidiary (ENDESA
Cogeneracion y Renovables: ECYR) completes the construction of the
Valpardo wind farm in the town of Navalperal de Pinares (Avila),
located in the central part of the Malagon mountain range. The farm
is scheduled to start up at the end of this year. It will be
equipped with 25 Gamesa G-58 and G-52 wind turbines, each with a
unit capacity of 850 kV and a height of 55 metres. With an
installed capacity of 21.5 MW, this farm is expected to produce 57
GWh of power per year, the equivalent to the energy consumption of
14,250 households and will prevent 25,000 tons of CO2 emissions a
year. This new farm - requiring an investment of Euro 20 million -
is the fourth to be built by ENDESA Cogeneracion y Renovables in
Avila, in addition to the Navazuelo, Altos de Cartagena and Navas
del Marques wind farms. When the Valpardo project has been
completed ENDESA will have total installed wind capacity of 70.23MW
in the region. This project will bring the Company's total
installed electricity capacity in the province of Castilla y Leon
up to 267MW, 16% of the total capacity installed in this region.
Moreover, in order to adopt this project to its natural and
cultural surroundings a series of preventative, corrective and
compensatory measures have been implemented; these include
archaeological investigations and are designed to protect the soil
and local wildlife and vegetation. We would highlight the
collaboration of the Castilla y Leon Environmental Services to
improve the monitoring and protection of several species of
wildlife such, as the black stork, the Iberian imperial eagle and
the black vulture. Construction of this wind power complex forms
part of ENDESA's strategic plan, which envisages bringing on line
2,400 MW of additional capacity from renewable energies over a
period of five years, incremental to the 1,465 MW already
installed. These new farms add a new strand of renewable capacity
to ENDESA's generation mix, giving the company an appropriately
diversified capacity and underlining its commitment to
environmental and sustainable development issues in markets where
it operates. * This document may contain certain forward-looking
statements regarding anticipated financial and operating results
and statistics that are subject to risks and uncertainties as well
as to material risks, changes and other factors which may be
difficult to predict, including, without limitation, those factors
described in the Folleto Informativo Continuado of Endesa filed
within the Comision Nacional del Mercado de Valores and in the Form
20-F of Endesa filed within the Securities and Exchange Commission,
both for the fiscal year ended December 31, 2003. For all of these
forward-looking statements, we claim the protection of the safe
harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995.
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