August 10, 2007 – Vol.12 No.20

AES Opens Wind Farm in Texas; Expands Wind Energy into China.

AES Corporation has announced the start of commercial operation of its 233 MW Buffalo Gap 2 wind farm expansion near Abilene, Texas. Now, with a total capacity of 354 MW, the expansion makes Buffalo Gap the third largest wind energy facility in the state —enough power for the equivalent of approximately 100,000 homes.

AES will sell all of the electricity from Buffalo Gap 2 to Texas retail electric provider Direct Energy at a fixed price under a 10-year power purchase agreement.

In China AES has entered into a joint venture with Guohua Energy Investment Co. Ltd. to construct, own and operate a 49.5 MW wind farm. Guohua Energy is one of China’s leading producers of renewable energy. The wind farm, which is currently under design, is expected to be complete in 2009.

The wind farm site is located in the Huanghua area of Hebei Province, approximately 200 kilometers (124 miles) southeast of Beijing, and has the potential to generate up to 225 MW.

Through its investment in the joint venture, AES will become the first U.S.-based power company with wind generation facilities in China. AES subsidiary, AES Black Sea Holdings BV will own a 49% interest in the joint venture, known as Guohua AES (Huanghua) Wind Power Co. Guohua Energy Investment will hold the majority interest.

In 1994, AES became the first U.S.-based power company to enter China, and now operates seven power plants in six provinces and municipalities with a total generation capacity of 2,842 MW.

AES entered the wind generation business in 2004. Today, AES has more than 1,000 MW of wind projects in operation in the United States and another 3,000 MW of wind projects in various stages of development throughout the world.

AES is one of the world’s largest global power companies with 2006 revenues of $11.6 billion and operations in 28 countries on five continents. (8/10/07)

Links:

AES Corporation http://www.aes.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes

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