EU Energy, Inc. has announced that it has entered into a Master Frame Agreement with Exergy Development Group, LLC (XRG) for the purchase of up to 550 of its D8.2 wind turbines.
Under the agreement, XRG, which is developing several wind power projects across the U.S., has the right to purchase the DeWind D8.2 turbines over a five-year period commencing in 2007. The agreement with XRG firmly establishes EU Energy in the US market.” said Michael Porter, Chairman and Chief Executive Officer of EU Energy plc. EU Energy plans to open two assembly plants in North America, with one in the U.S. and the other in Eastern Canada; both are expected to be on line in the first quarter of 2007.