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FPL Energy expands wind portfolio with six plant bought from Enron
1 November 2003
FPL Energy, the country's largest wind developer, expects to gain full ownership of six more wind stations, 130 MW in total, when an $80 million deal with bankrupt Enron Corp closes early next month. FPL says it is buying four California wind farms from Enron: Cabazon (39.75 MW) and Green Power (16.5 MW) near Palm Springs, both equipped with Enron 750 kW turbines, and the 18 MW ZWHC wind station of Vestas turbines and the 7 MW Victory Garden repowering with Enron 750 kW units, both near Tehachapi. In addition, the company has agreed to buy Enron's 50% ownership interest in the 77 MW Sky River and the 22 MW Victory Garden Phase IV wind stations, both equipped with Vestas V27 turbines and already 50% owned by FPL. Existing long term power sales contracts with Southern California Edison for all the stations except Green Power will be transferred with the sale. Closing is dependent on approvals by the New York court overseeing Enron's bankruptcy and by state regulators. FPL's Steve Stengel says "there is no reason to think the court would not accept this."
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