DALLAS, July 24, 2002 — TXU Energy of Dallas, and Cielo Wind Power of Austin announced an agreement which will result in a new 240-MW wind farm in West Texas.
Cielo Wind Power will construct the project and TXU Energy will purchase the power. TXU Energy is a unit of Dallas-based TXU Corp.
“Noelke Hill Wind Ranchâ„- will be one of the largest wind projects in America,” said V.J. Horgan, president of Trading for TXU Energy. “With the addition of Noelke Hill, TXU Energy will have 624 megawatts of renewable energy, making us the third largest purchaser of wind energy in the United States and able to satisfy the annual energy needs of 132,000 Texas homes.”
The Noelke Hill Wind Ranchâ„- will utilize 240 wind turbines, each with a capacity of one-megawatt. Mitsubishi was selected as the turbine supplier for the project primarily based on its commitment to working with Cielo Wind Power, LLC to maximize economic development in Upton and Crockett Counties. The Wind Ranchâ„- will be located south of Rankin, Texas near McCamey, the “Wind Capital of Texas” and is scheduled to be operational by September 2003.
“We’re pleased that the Noelke Hill Wind Ranchâ„- will bring together two Texas companies — TXU and Cielo — with a strong commitment to renewable energy,” said Walter Hornaday, President of Cielo Wind Power. “As with our other successful Wind Ranchâ„- projects in Crockett County and Upton County, the project will provide clean economic development opportunities that maximize ongoing ranching activities and protect natural resources.”
“The Noelke Hill Wind Ranchâ„- demonstrates TXU’s environmental principles in action,” said Bill Driscoll, TXU vice president of Environment, Health & Safety. “One of TXU’s environmental principles calls for the research and development of renewable energy. When Noelke Hill is complete, TXU renewable projects world-wide will provide enough energy to power more than 420,000 homes or the annual needs of 1.2 million people.”
TXU Energy has agreed to purchase all of the energy produced at Noelke Hill for 15 years with an additional five-year option. The financial terms were not disclosed.
“The American Wind Energy Association is delighted that TXU Energy is continuing to demonstrate it’s a national leader in wind energy,” said Randall Swisher, AWEA executive director. “Wind energy is on track to supply at least six percent of U.S. electricity by 2020 and TXU Energy is one of the leaders.”
TXU Energy was honored in 2001 by the American Wind Energy Association with its Utility Leadership Award “for leading the Texas wind energy boom.” By the end of 2003, TXU Energy will receive energy from more than 680 wind turbines across West Texas.
TXU provides electric and natural gas services, merchant energy trading, energy marketing, energy delivery, telecommunications, and energy-related services. With $40 billion in assets, TXU is one of the world’s leading energy companies and is a leading energy retailer in the US and the world. TXU owns or controls extensive generation, and is a leading portfolio manager and trader globally. TXU, which sells over 330 million megawatt hours of electricity and 2.8 trillion cubic feet of natural gas annually, serves over 11 million customers worldwide, primarily in the US, Europe and Australia. Visit www.txu.com for more information about TXU.
Cielo Wind Power, LLC develops, constructs, and maintains utility-grade wind power projects. With field offices in McCamey and White Deer, Texas, Austin-based Cielo Wind Power is the largest wind developer in the Southwest and has the largest development staff dedicated solely to cost-effective and environmentally responsible wind project development. Cielo Wind Power is a privately held company. For more information about Cielo, go to www.cielowind.com .