THEOLIA and its subsidiary VENTURA today announce the start of construction work on the Sallen wind farm with nominal output of 8 MW.
8 MW wind farm fully developed, constructed and operated by THEOLIA Group
The Sallen wind farm will be located between Caen and Saint-Lô in the French department of Calvados. It will have four turbines with total output of 8 MW.
The Sallen wind farm is the property of THEOLIA, which will operate it, and has been developed by THEOLIA's subsidiary VENTURA. It will have four Enercon (type E70) turbines each with output of 2 MW. The towers will be 85 m high and their rotors will be 70 m in diameter.
Construction started on 5 December 2007 and is managed by VENTURA. The wind farm is scheduled to become operational in mid-2008, with the turbines delivered in the second quarter of 2008.
The Sallen wind farm is expected to produce 17.5 million KWh of electricity per year, enough to provide for around 8,000 people excluding heating. This output from the wind farm will obviate 14,350 tonnes of CO2 emissions a year.
This wind farm requires an investment of ¤11 million, with senior debt financed by Société Générale and GE Energy Financial Services.
A project that started in 2002
The development of the Sallen wind farm is a long-term project. From 2002, VENTURA has been carrying out feasibility studies on the site, including environmental, design and other studies (measurement and analysis of wind potential, study of bird life, acoustic simulation, landscape study, etc.), in collaboration with the local authority.
Transparency and consultation accompanied each stage of the project. The building permit was filed in June 2004 and granted in June 2005 after a public enquiry.
Such a project would not have succeeded without the support and commitment of all the local players: politicians, landowners and farmers, the local community and local interest groups.
Jean-Marie Santander, CEO of THEOLIA: "The Sallen wind farm confirms Theolia's expertise. Theolia has been involved in every stage of this project - the wind farm's development, construction and operation. With this new wind farm under construction, THEOLIA once again demonstrates its ability to combine organic and external growth, making it a key player in renewable energy in the world."
THEOLIA Group's wind energy portfolio as at 5 December 2007
|In operation for own account||289 MW|
|In operation for third parties||177 MW|
|Under construction||226 MW|
|Building permits obtained||124 MW|
|Building permits pending||884 MW|
|Under development||1,301 MW|
|In process of acquisition||134 MW|
|PORTFOLIO TOTAL||3,135 MW|
THEOLIA is a leading European electricity producer from renewable energy.THEOLIA's activity spans development, construction and operation of wind farms. THEOLIA operates in Europe and a number of emerging markets. THEOLIA is listed on Eurolist B by Euronext Paris under the mnemonic TEO. The stock has been on the SBF 120 Index since 24 September 2007.
For more information:
Tel: + 33 (0)4 42 904 904
French société anonyme (public limited liability company with board of directors)
with share capital of ¤38,235,117
Registered office: Parc de La Duranne - 860, rue René Descartes
Les Pléiades - Bât F - 13795 Aix-en-Provence cedex 3 - France
Tel: +33 (0)4 42 904 904 - Fax: +33 (0)4 42 904 905 - www.theolia.com
THEOLIA is listed on Eurolist B, Euronext Paris under the mnemonic TEO © Copyright Actusnews Wire
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