PARIS (Reuters) - 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