EDF Renewable Energy Announces Partnership With Marubeni

EDF Renewable Energy Announces Partnership With Marubeni Corporation 
SAN DIEGO, CA -- (Marketwire) -- 10/24/12 --  EDF Renewable Energy,
formerly enXco, and Marubeni Corporation announced today that they
have signed an agreement under which a subsidiary of Marubeni will
acquire a 50 percent economic interest in the 205.5 MW Lakefield Wind
Project subject to customary condition precedent.  
The Lakefield Wind Project, located in Jackson County Minnesota, is
fully operational and supplies carbon-free electricity into the MISO
transmission system under a 20-year power purchase agreement with
Indianapolis Power & Light. Lakefield commenced operation in 2011 and
consists of 137 General Electric 1.5 megawatt wind turbines with the
capacity to generate 205.5 megawatts of renewable energy for more
than 68,000 homes.  
EDF Renewable Services, formerly enXco Service Corporation, will
continue to provide operations and maintenance services. Marubeni
will participate in asset management roles working with EDF Renewable
Energy in the administration of the project. 
"EDF Renewable Energy is pleased to launch this partnership and
engage in a business relationship with Marubeni," said Tristan
Grimbert, President and CEO. "As an integrated operator we take a
balanced approach to our project portfolio and this agreement
provides an opportunity to further our ambition as a world-class
renewable project developer. The mutual confidence and collaboration
between our two companies demonstrates solid business practices."  
"With this investment we recognize the experience and successful
track record of EDF Renewable Energy and we look forward to expanding
our relationship in North America and other global markets," said
Toshi Fukumura, President and CEO of New York-based Marubeni Power
International, Inc. 
About EDF Renewable Energy:
 EDF Renewable Energy -- formerly enXco
-- is a leading U.S. independent power producer with more than 25
years of expertise in the renewable industry, covering all range of
services from project development, management to operations and
maintenance. EDF Renewable Energy specializes in wind and solar
photovoltaic with presence in other segments of the renewable energy
market: biogas, biomass, hydro, marine energy and storage solutions.
The company develops, constructs, operates and manages renewable
energy projects throughout the United States for its own accord as
well as for third parties. EDF Renewable Energy's portfolio consists
of over 4.5 gigawatts of developed projects with 1.5 gigawatts of
installed capacity. EDF Renewable Energy is the U.S. subsidiary of
EDF Energies Nouvelles. EDF Energies Nouvelles is the renewable
energy arm of the EDF group, the leading electricity company in the
world. For more information visit: www.edf-re.com  
About EDF Renewable Services:
 EDF Renewable Services -- formerly
enXco Service Corporation -- is the leading third-party provider of
operations and maintenance services in North America. With 25 years
of experience, EDF Renewable Services understands renewable energy
facilities represent a substantial investment. The company takes an
owner-operator approach to ensure maximum returns on the asset, full
project value, and ongoing profitability for new and existing
facilities. As part of a global organization with utility-scale wind
and solar plants, the company brings depth of experience to every
project. With more than 6 gigawatts of wind and solar under contract,
EDF Renewable Services is the trusted leader in O&M. For more
information visit: www.edf-renewable-services.com  
About Marubeni Corporation:
 Marubeni Corporation was founded in 1858
and incorporated in 1949 with its principal office located in Tokyo,
Japan. It manages business across a wide range of industrial sectors
throughout the world, and is a publicly traded company quoted on
three stock exchanges in Japan: Tokyo, Osaka, and Nagoya. Marubeni
first established its power industry presence through the EPC
business, with more than 96.5 GW supplied/constructed all over the
world in various fuel and technology types. Marubeni expanded its
business into the IPP arena in the early 1990's, and now owns 8,855
MW of net generating capacity (30,009 MW gross capacity). Marubeni
manages its electricity sector investments in the North American
electricity market through Marubeni Power International, Inc., based
in New York, NY. For more information, please visit www.marubeni.com
or www.marubeni-power.com.  
Contact:
Sandi Briner
EDF Renewable Energy
858-521-3525
sandi.briner@edf-re.com 
Xavier Tournier
Marubeni Power International, Inc.
212-450-0640
Tournier-X@marubeni.com 
 
 
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