A contract canceled for EDF Energies Nouvelles
EDF Energies Nouvelles, a 50% subsidiary of EDF, announced Friday in a statement, the cancellation of a contract to sell electricity to the United States. It Enxco its U.S. subsidiary has received its customer Indiana Power and Light (IPL) the cancellation notification on the proposed wind farm in Lakefield is currently under development in southwestern Minnesota.
EDF Energies Nouvelles, specializing in green energy, said IPL has decided to unilaterally terminate the contract without giving reasons while the latter had received January 27, 2010 the agreement of local authorities for its implementation.
Enxco studying the possible remarketing of the project from other companies and "the best way to assert his rights and prejudice"
The construction of this wind farm had not yet begun.EDF Energies Nouvelles ensures that this announcement will not affect its operational objective in 2012 nor his 2010 target EBITDA.
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