Neo Energia signs supply deal with Gamesa for projects in Poland, Spain and France

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Neo Energia, the European wind energy development arm of Energias de Portugal (EDP), the national utility, has signed a EUR 228 million contract with Spain's Gamesa for the supply of 122, 2 MW wind turbines. The units are destined for wind projects in Poland (120 MW), Spain (92 MW) and France (19 MW). Under the deal, 60 turbines will go up at the Margonin wind farm in Poland, which is scheduled for commissioning before the end of 2009. The project is the first in a development pipeline in Poland totalling 1022 MW that Neo Energia acquired when it bought Polish wind project developer Relax Wind Parks in late December for EUR 54 million. As projects are built, Neo Energia expects its total investment in Polish wind to surpass EUR 1.1 billion. With wind generation expected to increase from 13% of Poland's electricity mix in 2007 to 37% in 2010, the acquisition of Relax "will permit the creation of an additional platform for the expansion of the wind energy business in Central and Eastern Europe," says EDP president António Mexia. Poland's current wind capacity stands at just 200 MW. The Relax acquisition boosts EDP's renewable energy portfolio to 13.95 GW and consolidates the position of the utility's renewables unit, EDP Renováveis, as the fourth largest wind energy producer globally, he adds.

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