Enel to develop over 1,000 MW wind projects in US

[jpak]

http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2006-09-26T155109Z_01_L26193546_RTRIDST_0_UTILITIES-ENEL.XML&rpc=66&type=qcna

MILAN, Sept 26 (Reuters) - Italy's biggest utility Enel (ENEI.MI: Quote, Profile, Research) said on Tuesday it has struck a deal to buy a stake in a U.S. wind energy company which would allow it to develop more than 1,000 megawatt worth of wind projects in the United States.

Enel said in a statement it has signed equity purchase and strategic partnership agreements with the U.S. wind power developer TradeWind Energy, LLC (TradeWind), which has projects worth more than 1,000 MW in the pipeline.

Enel said it was attracted by growth opportunities in the U.S wind energy market, whose capacity had more than doubled since 2002 to 10 GW in 2006.

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Enel said TradeWind had been developing projects in Kansas, Missouri, Illinois and other Midwestern States with a focus on sites with strong wind potential, interconnection access and easy delivery to utility customers.

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