AES Wind Generation has announced that it has acquired Your Energy Ltd (YEL), a UK based wind developer, and also has signed an agreement to acquire a 51 per cent stake in a wind portfolio from 3E, a Polish wind developer.
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Together the investments will add more than 700MW to AES Wind Generation's European pipeline. The acquisition of YEL includes a development pipeline of more than 300 MW. Of that amount, AES Wind Generation plans to begin construction on 48 MW by the end of 2010. The agreement with 3E marks AES Wind Generation's entry into the Polish wind market. According to the agreement, AES Wind Generation would acquire a 51 percent stake in 422 MW of 3E's development pipeline. AES Wind Generation expects to begin construction on approximately 34 MW in 2010 and 120 MW in 2011.
