October 30, 2006

Nexen, GW Power formally open Soderglen wind farm

CALGARY, ALTA-Nexen and GW Power have taken their first steps toward alternative energy production with the official opening of their $113 million Soderglen wind farm, situated southwest of Fort Macleod. The 70.5-megawatt (MW) wind power project, a 50-50 joint venture between Nexen and GW Power (the project developer and operator), will produce enough clean energy to offset 95,000 tonnes of CO2 equivalent per year. The development consists of 47 wind towers, each with a 1.5-MW turbine. It began producing electricity in early September and, at full capacity, will produce enough green power to meet the needs of 25,000 homes. Nexen president and CEO Charlie Fischer called the project "an innovative, environmentally-conscious way to add power to the Alberta power grid," adding that, "it also helps us to manage our overall corporate CO2 emissions." More information is available from David Axford, Nexen's vice-president of power marketing, 403/699-5446, E-mail dave_axford@nexeninc.com.

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