updated: 4/24/2008 5:28:20 PM

[UPDATED] IPL Announces Hoosier Wind Project

InsideINdianaBusiness.com Report

 IPL Spokesman Matthew McCardle says enXco will develop the wind farm and IPL will purchase power from the project.

Indianapolis Power & Light Co. (IPL) has reached an agreement to bring a 100 megawatt wind farm to Indiana. The Hoosier Wind Project is expected to include 67 1.5 megawatt wind turbines under a 20-year purchasing agreement with wind energy installation developer enXco. The plan still needs Indiana Utility Regulatory Commission approval.

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Press Release

Indianapolis, IN – Indianapolis Power & Light Company (IPL) is announcing an agreement that will bring a 100-megawatt wind farm to Indiana. The project will add clean, renewable electric energy into IPL’s generation portfolio, which powers 468,000 customers in Indianapolis and surrounding counties.

Called the Hoosier Wind Project, the wind farm is expected to include 67 GE 1.5 megawatt wind turbines. Subject to the approval of the Indiana Utility Regulatory Commission (IURC) and is also contingent on the extension of the federal renewable energy tax credit, which IPL requested on April 22, the energy from the turbines will be purchased by IPL under a 20-year Power Purchase Agreement from enXco, an EDF Energies Nouvelles Company.

“With the use of this wind energy, IPL will be able to reduce CO2 emissions by about 230,000 tons per year,” said IPL President and CEO Ann Murtlow. “That’s the equivalent of removing 46,000 cars from the highway.”

Murtlow added that “IPL has seen increasing interest in green energy from our customers and we are excited to further diversify our generation portfolio to meet that interest.”

The wind farm will be located near the town of Fowler in Benton County, Indiana, and is expected to go into operation in 2009.

Steve Peluso, enXco’s Midwest Regional Development Director stated that “enXco is thrilled to be adding ‘home grown’ energy for the people of Indiana. We are looking forward to working with IPL on this important and innovative project.”

About Indianapolis Power & Light Company (IPL):
Indianapolis Power & Light Company (IPL) provides retail electric service to more than 468,000 residential, commercial and industrial customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County. During its long history, IPL has supplied its customers with some of the lowest-cost, most reliable power in the country. For more information about the company, please visit www.IPLpower.com.

About enXco, an EDF EN Company:
enXco (www.enxco.com) - an EDF Energies Nouvelles Company (www.edf-energies.nouvelles.com) develops, constructs, operates and manages renewable energy projects throughout the United States. For more than two decades, we have been a leader in wind-energy focusing on large-scale wind projects. enXco’s portfolio includes solar and biomass technologies, in an effort to help drive the transition to a sustainable energy economy. enXco has grown to be a significant owner and developer of wind-energy installations in the United States, and is the largest third-party operations & maintenance provider for wind farms in North America.
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