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enXco acquires Pinelands Biomass Project

May 25, 2012, San Diego, CA - enXco has finalized the purchase of the Pinelands Biomass Project's two generating facilities from Southeast Renewable Energy.


May 25, 2012
By Marketwire

May 25, 2012, San Diego, CA – enXco, an EDF Energies Nouvelles Company, has closed on the
purchase of the Pinelands Biomass Project from Southeast Renewable
Energy, LLC (SRE). Pinelands consists of two nominal 17.8 MW
generating facilities located in Allendale and Dorchester Counties in
South Carolina. Both projects are currently under construction and
expected to be fully operational by the end of 2013.

The two projects will interconnect to Santee Cooper's transmission
system adjacent to the sites with the generated renewable energy
contracted to the utility under 30-year Power Purchase Agreements.
"enXco is pleased to work with Santee Cooper and SRE on this
excellent opportunity to use waste wood to produce economically
attractive renewable energy," said Jim Schretter, Vice President of
enXco's East Region.

The projects use a well proven biomass design with a stoker boiler,
supplied by Factory Sales Engineering (FSE) and a steam turbine
generator supplied by General Electric (GE). Bibb Engineers is the
engineer of record and Summit Industrial Construction is the general
contractor.

The projects offer important economic benefits to the local
community. SRE's Vice President of Business Development Don Cotton
said, "Our relationship with enXco has allowed us to realize
development objectives for jobs to the local communities with this
transaction."

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Allendale and Dorchester Counties have substantial and reliable wood
supply. The Pinelands project, with a consistent wood demand, will
bring significant economic benefits to both counties by contracting
with the existing trucking and wood supply industry and creating new
jobs.

"Utilizing wood waste to generate electricity is a proven renewable
technology that complements enXco's robust portfolio of wind, solar
and biogas projects in North America," said Tristan Grimbert,
President and CEO of enXco. "Biomass is poised to be a key renewable
base load energy resource for South Carolina."

About enXco

enXco
(www.enxco.com) is an EDF Energies Nouvelles Company
(www.edf-energies-nouvelles.com), which develops, constructs, owns, operates
and manages renewable energy projects throughout the United States.
For more than two decades, we have been a leader in wind-energy
focusing on large-scale wind projects. Today enXco's portfolio
includes solar and biomass technologies, in an effort to help drive
our nation's transition to a sustainable energy economy. enXco is a
significant owner and developer of wind-energy installations in the
United States, and is the leading third-party operations &
maintenance provider for wind farms in North America.


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