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Article: AES EXPANDS WIND ENERGY BUSINESS INTO EUROPE.
- Article from:
- AsiaPulse News
- Article date:
- July 6, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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(Full text of a statement. Contact details below.)
ARLINGTON, Va., (BUSINESS WIRE) July 5, 2006 - The AES Corporation (NYSE:AES) today announced that it has acquired majority control of the Wind Energy Ltd.
(WEL) group companies, a UK-based wind development company, with 640 MW of wind generation projects under development throughout Scotland.
Terms of the transaction were not disclosed.
"This acquisition is the first expansion of AES's wind energy business into Europe and represents a strategic step in our efforts to become a leader in wind generation development and operation worldwide," said William Luraschi, AES Executive Vice ...