EDF, Axium Ownership Deal Closes On Kansas Wind Farm

Posted by Betsy Lillian on October 12, 2016 No Comments
Categories : Projects & Contracts

EDF Renewable Energy (EDF RE) and a consortium led by Axium Infrastructure, an independent portfolio management firm, have closed an agreement in which Axium acquired a 50% ownership interest in the 150 MW Slate Creek Wind Project.

The Slate Creek Wind Project, located in central Kansas, achieved commercial operations in December 2015. Through a 20-year, fixed-price power purchase agreement (PPA), Kansas City Power & Light buys the electricity generated by the project, which comprises 75 Vestas 2.0-MW turbines.

With this closing, Axium and its investors now own 277 MW of installed renewable assets in partnership with EDF EN North America in the U.S. and Canada. All of these assets are contracted under long-term PPAs.

EDF RE remains involved in the project as a 50% co-owner and provides management services. EDF Renewable Services provides a portion of the current operations and maintenance services, as well as 24/7 remote monitoring from its operations control center.

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