EDF RE, BlackRock Close Deal On 194 MW Spinning Spur 3 Wind Project

Posted by NAW Staff on November 23, 2015 No Comments
Categories : Projects & Contracts

EDF Renewable Energy (EDF RE) has closed a transaction to sell a 50% interest in the 194 MW Spinning Spur 3 Wind Project to a fund managed by BlackRock's Infrastructure Investment Group.

This deal is the third closed transaction of five signed agreements between BlackRock and EDF Renewable Energy. The remaining projects, Roosevelt (250 MW) and Milo (49.65 MW), will close upon completion of construction and tax equity financing.

The project is located 50 miles west of Amarillo in Oldham County, Texas. Construction of 97 Vestas V-100 2 MW wind turbines commenced in October 2014, and commercial operations were declared in September of this year.

The clean electricity generated from the Spinning Spur 3 Wind Project feeds into the Competitive Renewable Energy Zone transmission infrastructure and is provided to Georgetown Utility Systems and Garland Power & Light under long-term power purchase agreements.

EDF RE remains closely involved in Spinning Spur 3 Wind by maintaining a 50% ownership stake. EDF Renewable Services will provide balance-of-plant operations and maintenance for the facility, including 24/7 remote monitoring from its operations control center.

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