PARIS Gaz de France said on Tuesday it had
acquired wind power firm Nass and Wind Technologies for an
undisclosed amount and that it had created a subsidiary for its
green energy assets.
Nass & Wind Technologies, which in western France, operates
an installed capacity of 34 megawatts (MW) in the country.
"Nass and Wind Technologies, a subsidiary of the Nass and
Wind Group, is an electricity producer that develops wind farms
on its own behalf and for third parties in France," Gaz de
France said in a statement.
As a result of its recent acquisitions, GDF had created a
renewable energy subsidiary named GDF Futures Energies that
will develop, build and manage the company's portfolio in green
electricity generation, the company said.
Gaz de France is due to merge with French utility Suez
before the end of the first half of 2008.
Nass & Wind Technologies had received permits for an
additional 150 MW and owns a pipeline of projects totaling
around 1,500 MW, GDF said.
"Gaz de France already owns the largest wind farm assets in
France, with installed capacity of almost 145 MW at the
beginning of 2008," it added.
(Reporting by Muriel Boselli)