"This was a very attractive deal for Horizon and we enjoyed working with Hydra Wind to bring it to fruition. It proved to be a win/win for both parties involved ," said Antonio Martins da Costa, CEO of Horizon Wind Energy. "In addition, because of this deal, Horizon will now have a stronger presence in Indiana and Ohio and will consolidate its leadership in Illinois."

Headquartered in Houston, Horizon Wind Energy is a fully owned subsidiary of Energias de Portugal S.A. (EDP), a major Portuguese utility and one of the world’s largest generators of electricity from renewable energy sources. At the end of 2007, Horizon was operating wind power plants with a total installed capacity of more than 1,300 megawatts, and the company currently is developing a portfolio of more than 10,500 megawatts in more than a dozen states.