9.1.2008: Meldung: Theolia completes acquisition
Based in Tétouan, in the north of Morocco, the Compagnie Eolienne du Détroit owns the largest installed wind farm in North Africa. It comprises 84 turbines, with a total installed capacity of 50.4MW and produces around 190 GWh per year. A team of 10 has been managing the wind farm since 2000.
Jean-Marie Santander, CEO of Theolia commented: Theolia s acquisition of the Compagnie Eolienne du Détroit underlines our strategy in Morocco and North Africa. The farm is ideally located producing around 3,800 hours of full load hours.Theolia will use its expertise to further optimise this wind farm, and encourage greater use of alternative energy in Morocco. This wind farm will be a show-case for emerging markets.
Theolia Group s wind energy portfolio as at 31 December 2007
Wind farms in operation for own account333.5 MWWind farms in operation for third parties297.25 MWWind farms under construction125 MWWind farms with building permits obtained169.2 MWWind farms with building permits pending851.7 MWWind farms under development1,294.65 MWWind farms in process of acquisition259.2 MW. Portfolio total: 3,330.5 MW
Theolia is a leading European electricity producer from renewable energy. The Group operates France, Germany, Spain, Greece, Italy and, via its subsidiary Theolia Emerging Markets, in a range of emerging markets including India, Brazil, some of Eastern Europe and Morocco.
Theolia is quoted on section B of Euronext Paris, under the mnemonic TEO. The shares have been on the SBF Index since 24 September 2007 and on the NEXT 150 Index since 2 January 2008.
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