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EDF Trading and EDF Renewable Energy Join Forces to Optimize Wind Asset in Texas


SAN DIEGO, California and HOUSTON, Texas (September 6, 2012): – EDF Trading and EDF Renewable Energy have signed an Energy Management Agreement to optimize management of the Bobcat Bluff wind project in Texas.

EDF Trading will act as the qualified scheduling entity and will provide energy management services for EDF Renewable Energy’s 150 MW wind project currently under construction in the Electric Reliability Council of Texas (ERCOT). The plant is expected to become operational in December 2012.

The services provided by EDF Trading will include scheduling, short term energy management, assistance with long term hedging, marketing of renewable energy credits, IT and platform support, settlement services and compliance and audit support.

“We have a great platform in place in North America and offer energy management services to a wide range of customers in practically every region”, said John Rittenhouse, Chief Executive of EDF Trading. “An important part of what we do is working alongside other EDF group companies, which is why I’m pleased that we are able to announce our first collaboration with EDF Renewable Energy. We have a great relationship and I look forward to us working more closely together in the future,” he said.

“We are delighted to have selected EDF Trading after a competitive process to manage our first owned project in ERCOT,” said Tristan Grimbert, President and CEO of EDF Renewable Energy. “We look forward to continuing our cooperation with EDF Trading as well as a successful project in Texas.”


Contact:

Michele Reid
EDF Trading
+44 (0) 20 7061 4232
michele.reid@edftrading.com

Sandi Briner
EDF Renewable Energy
858-521-3525
sandi.briner@edf-re.com 

About EDF Renewable Energy:
EDF Renewable Energy - formerly enXco - is a leading U.S. independent power producer with more than 25 years of expertise in the renewable industry, covering all range of services from project development, management to operations and maintenance. EDF Renewable Energy specializes in wind and solar photovoltaic with presence in other segments of the renewable energy market: biogas, biomass, hydro, marine energy and storage solutions. The company develops, constructs, operates and manages renewable energy projects throughout the United States for its own accord as well as for third parties. EDF Renewable Energy’s portfolio consists of over 4.5 gigawatts of developed projects with 1.5 gigawatts of installed capacity. EDF Renewable Energy is the U.S. subsidiary of EDF Energies Nouvelles. EDF Energies Nouvelles is the renewable energy arm of the EDF group, the leading electricity company in the world. For more information visit: www.edf-re.com

About EDF Renewable Services:
EDF Renewable Services – formerly enXco Service Corporation – is the leading third-party provider of operations and maintenance services in North America. With 25 years of experience, EDF Renewable Services understands renewable energy facilities represent a substantial investment. The company takes an owner-operator approach to ensure maximum returns on the asset, full project value, and ongoing profitability for new and existing facilities. As part of a global organization with utility-scale wind and solar plants, the company brings depth of experience to every project. With more than 6 gigawatts of wind and solar under contract, EDF Renewable Services is the trusted leader in O&M. For more information visit: www.edf-renewable-services.com

About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. It has its own portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.

EDF Trading is one of the largest participants in the global power, gas, coal, freight and environmental products markets. It is one of the top buyers of carbon credits from global CDM projects and has one of the most mature portfolios in the market. It is the largest importer of coal into Europe, a pioneer in the biomass market, a recognised leader in weather derivatives, one of the largest providers of market services to the wholesale gas and power sectors in North America with 23,000 MW of generation under management and the leading electricity trader in Europe.

EDF Trading is a 100% owned subsidiary of EDF, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry. For more information on EDF Trading, please visit www.edftrading.com.