EDF RE Selling Half Of Great Western Wind To Alliant Energy

Posted by Betsy Lillian on June 16, 2017 No Comments
Categories : Projects & Contracts

Alliant Energy Corp. is acquiring a 50% ownership interest in EDF Renewable Energy’s (EDF RE) 225 MW Great Western Wind Project in Oklahoma.

Located near the base of the Oklahoma panhandle in Woodward and Ellis counties, Great Western Wind comprises 30 V117 turbines (with a unit capacity of 3.3 MW) and 63 V100 turbines (with a unit capacity of 2.0 MW) from Vestas.

The project achieved commercial operations in December. Electricity generated is provided to Google under a long-term power purchase agreement.

“Our 50 percent cash equity ownership interest in this project aligns with Alliant Energy’s strategy to invest in renewable energy,” says Joel Schmidt, vice president of business development at Alliant Energy.

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

“The sale of equity stakes represents an integral part of EDF Renewable Energy’s business model – allowing us to maintain a balanced ownership portfolio in order to assist in the funding of new project development,” comments Raphael DeClercq, vice president of portfolio strategy for EDF RE.

Completion of the transaction is subject to regulatory approval and customary conditions precedent, the companies note.

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