- Published: 18 October 2006 18 October 2006
The AES Corporation recently announced it has expanded its wind generation business into France and Bulgaria, increasing the company’s wind development pipeline in Europe to more than 1,300MW.
AES purchased a minority interest in InnoVent SAS, a French wind farm developer with more than 600MW of wind projects in development. AES also acquired a minority stake in the 120MW Kavarna wind project in Bulgaria, one of the largest wind development projects in southeast Europe. AES has the option to acquire majority control of a significant portion of InnoVent projects during the next five years and a majority stake in the Kavarna project once development is completed. Financial terms of the transactions were not disclosed.