Press Releases
ScottishPower's PPM Energy Sells 125MW of Wind Energy
7 July 2005
ScottishPower's US competitive energy business, PPM Energy, has signed long-term agreements to sell 125 MW of the proposed 150 MW Shiloh windfarm, expected to be commercially operational by the end of 2005.
The two new agreements mean about 90% of PPM Energy's wind output is now sold under long-term contract. Pacific Gas and Electric Company (PG&E) has signed a 15-year agreement to purchase up to 75 MW and Modesto Irrigation District (MID) has signed a 10-year agreement for up to 50 MW of Shiloh's output.
PPM Energy CEO Terry Hudgens said: "We welcome our first renewable energy sale to PG&E as well as the repeat business from MID. Both are key players in the important California marketplace."
PPM Energy acquired the fully permitted 150 MW Shiloh Wind farm in Solano County, California, from enXco, an affiliate of EDF of France, in May 2005.
PPM Energy currently controls about 830 MW of wind energy in seven states and has announced a total of 574 MW additional wind projects to be built in 2005. It now has around 1,400 MW of wind energy under its control, well on target toward its goal of at least 2,300 MW online by 2010.
Further Information:
Jennifer Lawton Head of Investor Relations 0141 636 4527
Colin McSeveny Group Media Relations Manager 0141 636 4515