Arlington, VA, April 26, 2006 — AES Corp. announced it will purchase 54 MW of wind generation assets from Enron Wind Systems in Tehachapi, California, bringing the total wind generation megawatts AES operates to 654 MW.
The assets include two wind farm projects encompassing 667 turbines constructed in the mid 1980s. AES currently operates 274 MW of wind farms in California, in addition to the wind generation facilities it operates in Colorado, Oregon, Texas and Wyoming. This year, AES began commercial operation of its 120 MW Buffalo Gap wind farm in Abilene, Texas.
AES entered the wind generation business in 2004 and has invested approximately $265 million to date. On April 17, 2006, the company announced plans to triple its investment in wind generation over the next three years, as part of its planned $1 billion investment in its alternative energy businesses.
The company currently is pursuing an additional 2,000 MW of wind projects in development, primarily in the United States. AES also said it is currently developing wind power projects in Europe, China, India and Central and South America, with an emphasis on countries with existing AES businesses.
Also, MicroPlanet Technology Corp. (MicroPlanet), a developer of distributed-energy technologies to improve electric power grid reliability and efficiency, announced the formation of a joint venture, AES MicroPlanet LLC, with AES Corp. (AES) that will focus on capturing the potential commercial value from the application of MicroPlanet’s products and technology to reduce the emission of greenhouse gases from the generation of electricity.
The joint venture combines MicroPlanet’s distributed grid product portfolio with the experience and business presence of AES, a global power company, which has generation, transmission and distribution businesses in 26 countries on five continents.
The first phase of the joint venture agreement will concentrate on developing a methodology for capturing greenhouse gas offsets under the Clean Development Mechanism (CDM) of the Kyoto Protocol that can be approved by the United Nations Framework Convention on Climate Change (UNFCCC).
The companies believe that MicroPlanet’s voltage regulators can reduce the emission of greenhouse gases which are created when fossil fuels are burned to create electricity and therefore be used to capture commercial benefit in the fight against global warming. As governments target carbon reduction strategies, MicroPlanet’s products are designed to reduce the amount of electricity needed and assist grid operators to overcome integration limitations of broad based installations of distributed renewable generation sources such as wind, solar and others.