ENMAX acquires more renewable energy

ENMAX Energy Corporation is pleased to announce that ENMAX Green Power Inc., a wholly-owned subsidiary of ENMAX Energy, has entered into an agreement with Creststreet Kettles Hill Windpower LP to acquire Kettles Hill Wind Energy Inc., the owner and operator of the Kettles Hill Windpower Facility, for $163 million including the assumption of debt and subject to working capital adjustments.

The Kettles Hill Windpower Facility is located near Pincher Creek and is comprised of 35 Vestas turbines with a current capacity of 63MW; enough renewable energy for approximately 27,000 homes. The wind farm has potential for a further 77 MW and the regulatory process for expansion has been initiated. The site is adjacent to an existing 138 kV transmission line.

As consumer demand for energy from cleaner, sustainable sources continues to grow, there has been an increased focus on producing more wind power in the province. Since the removal of the cap restricting Alberta's allowable wind power in September of 2007, more than 9,000 MW of new wind farm developments have been proposed. Alberta is the first province in Canada to pass 500 MW of installed wind power capacity.

"This will help us meet rising demand for wind power and our Greenmax program", said Gary Holden, President and CEO of ENMAX Energy.

"This helps satisfy rapidly growing customer demand and is consistent with our long-term strategy to supply energy from renewable resources. This transaction furthers our goal to have all of our customer's energy needs met by renewable energy, cogeneration and the best available natural gas or coal gasification technology. This is another step toward achieving that goal."