EDF Renewable Energy and Marubeni Corporation recently announced that a subsidiary of Marubeni acquired a 90 percent economic interest in the 102.5 MW Shiloh IV Wind Project.
The Shiloh IV Wind Project, located in Solano County California, commenced operations in December 2012 and supplies carbon-free electricity into the CAISO transmission system under a 25-year power purchase agreement with Pacific Gas and Electric. Consisting of 50 REpower MM92 turbines, Shiloh IV generates clean electricity sufficient to supply approximately 40,000 average homes.
EDF Renewable Energy will retain a 10 percent stake in the project. Its affiliate EDF Renewable Services will continue to provide operations and maintenance services. Marubeni will participate in asset management roles working with EDF Renewable Energy in the administration of the project.
EDF RE acquires two Texas projects totaling 394 MW EDF Renewable Energy has announced the acquisition of the 194 MW Spinning Spur 3 Wind Project from Cielo Wind Power LP (Cielo).
Spinning Spur 3 is located on approximately 18,000 acres in Oldham County, Texas, roughly 50 miles west of Amarillo. The project expects commercial operation by the end of 2015.
Electricity generated from the Spinning Spur 3 Wind Project will be provided to two municipal utilities, Georgetown Utility Systems and Garland Power & Light, under long-term power purchase agreements.
Additionally, EDF RE has acquired the Longhorn North Wind Project, located in Floyd and Briscoe counties, 60 miles northeast of Lubbock, Texas, from RES Americas. RES Americas will construct Longhorn, its 18th renewable energy project in Texas, under a Balance of Plant (BOP) agreement. Construction on the 200 MW project commenced in time to qualify it for the production tax credit, with an expected completion date at the end of 2015.
Both projects will utilize the CREZ (Competitive Renewable Energy Zone) transmission lines to connect the wind generating capacity of the Texas Panhandle to high electricity demand areas in the state.
