Eurus Expands Wind Footprint in Kansas with EDF Renewable Energy

  Eurus Expands Wind Footprint in Kansas with EDF Renewable Energy

Business Wire

SAN DIEGO & TOKYO -- January 16, 2013

Eurus Energy America Corporation (“Eurus”) and EDF Renewable Energy (“EDF RE”)
are pleased to announce the acquisition by Eurus of a 40 percent cash equity
ownership interest in the Spearville 3 Wind Project, a 100.8 MW wind farm
developed and built by EDF Renewable Energy.

Spearville 3 Wind Project (Photo: Business Wire)

Spearville 3 Wind Project (Photo: Business Wire)

Alongside Eurus, a BlackRock managed fund also acquired a 40 percent cash
equity ownership interest in Spearville 3. This transaction follows the
successful closing of tax equity financing from Bank of America Merrill Lynch
(“BofA Merrill”) in December 2012. EDF Renewable Energy remains in the
ownership group and will continue to provide long-term operations and
maintenance services to the Spearville 3 project through its affiliate EDF
Renewable Services.

The Spearville 3 project, located northeast of Dodge City, Kansas, is
comprised of 63 GE (General Electric) XLE wind turbines. The project began
delivering carbon-free electricity in October 2012 to Kansas City Power &
Light under a 20-year power purchase agreement.

“Our investment in Spearville 3 marks an important step in the M&A arena for
Eurus,” says EEA President & CEO Mark Anderson. “It also shows the power of
partnership – our relationship with EDF Renewable Energy dates back more than
ten years – and it expands the Eurus footprint in the Midwest, one of the most
robust regions in the US for competitively priced power from wind. We are
pleased to be a part of the group including EDF RE, BlackRock and BofA Merrill
in investing in the Spearville 3 project.”

“EDF Renewable Energy looks forward to this partnership with Eurus and
BlackRock," said Tristan Grimbert, EDF Renewable Energy President and CEO. “As
a renewable energy project developer, manager, and operator, we embrace new
relationship opportunities to finance our projects with solid, reputable
partners.”

“We are pleased to have invested in Spearville 3 alongside Eurus, EDF RE and
BofA Merrill,” said Jim Barry, Managing Director, BlackRock. “The investment
in Spearville 3 benefits from a partnership among some of the most experienced
sponsors in the North American renewables sector which we look forward to
building on.”

AboutEDF Renewable Energy:

EDFRenewable 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. EDFRenewable 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 3.5 gigawatts of developed
projects with 1.8 gigawatts of installed capacity. EDF Renewable Energy is the
U.S. subsidiary ofEDF 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 Eurus Energy America Corporation:

Eurus Energy America is the wholly-owned subsidiary of Tokyo-based Eurus
Energy Holdings (www.eurusenergy.com) and is responsible for renewable energy
investment in the Americas, now comprising more than 770 megawatts in wind and
solar power generation. Eurus Energy Holdings, owned by Toyota Tsusho
Corporation and Tokyo Electric Power Company, is a global developer, owner and
operator of renewable energy facilities, including both wind and solar, with
more than 2,300 megawatts worldwide. Eurus Energy America has been active in
the United States for over twenty five years, beginning operations in
California in 1987.

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http://www.businesswire.com/multimedia/home/20130115006871/en/

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Contact:

EDF Renewable Energy Contact:
Sandi Briner
858-521-3525
Sandi.Briner@edf-re.com
or
Eurus Energy America Corporation Contact:
Karen Derenthal Schmidt
858-587-5849
kderenthal@eurusenergy.com
 
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