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Paris, Ile de France, France, 2014/03/26 - GDF SUEZ is pleased to announce that it has acquired West Coast Energy (“WCE”), a leading independent wind energy developer - GDFSUEZ.com. FR0010 208488
This acquisition strengthens GDF SUEZ’s commitment to expand its wind portfolio in the UK.
West Coast Energy has been operating in the UK for over 18 years and has successfully developed 650 MW of wind capacity, representing 9% of the installed onshore wind capacity in the UK. WCE has a significant pipeline of onshore wind development projects under evaluation with a capacity of 200 MW. GDF SUEZ has been working in partnership with West Coast Energy to develop wind projects since 2008. West Coast Energy currently employs 55 people in its headquarters in Mold.
Steve Riley CEO and President of GDF SUEZ Energy UK-Europe said: ”This investment confirms GDF SUEZ’s strategy of pursuing growth in renewable generation in Europe. The West Coast Energy team have significant experience in wind energy development that will complement our existing in-house expertise in structuring, financing, building and managing projects in the UK market. This acquisition gives us an opportunity to increase our presence in renewables in the UK via high quality projects”.
GDF SUEZ currently owns seven operating wind farms across the UK with a total capacity of 70 MW.
Projects developed in partnership with West Coast Energy
Carsington (England) 8.2 MW
Crimp (England) 2.4 MW
Flimby (England) 6.2 MW
Blantyre Muir (Scotland) 12.3 MW
Sober Hill (England) 12.3 MW
Barlockhart Moor (Scotland) 8.2 MW
GDF SUEZ in the UK is a key independent power producer
GDF SUEZ Energy in the UK is a key independent power producer by capacity with approximately 6.977 GW in operation in the UK market made up of a mixed portfolio of assets coal, gas, CHP, wind, OCGT distillate, and the UK’s foremost pumped storage facility. Several of these assets are owned and operated in partnership with Mitsui & Co. The generation assets represent approximately 6% of the UK’s installed capacity. The company also has a retail business supplying electricity and gas to the Industrial and Commercial sector.
Notes all capacities in this press release staked at 100%.
About GDF SUEZ
GDF SUEZ (v) develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: independent power production, liquefied natural gas, renewable energy and energy efficiency services.GDF SUEZ employs 147,200 people worldwide and achieved revenues of €81,3 billion in 2013. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).
Investor Relations contact:
T: +33(0)1 44 22 66 29 - E: ir[.]gdfsuez.com.