EDF Renewable Energy has executed a turbine supply agreement (TSA) with GE for up to 200 MW of wind turbines. The agreement covers the supply of GE 1.85 MW models for U.S. wind projects beginning construction this year.
The first turbines under the TSA will be deployed at the Hereford Wind Project in the Texas Panhandle. EDF and Lincoln Renewable Energy (LRE), a developer of wind and solar projects, have executed a membership interest purchase agreement, under which EDF will acquire the first phase (200 MW) of the Hereford project, as well as an option agreement for a total of up to 500 MW. Additionally, EDF has successfully secured a long-term hedge on the first phase.
"The execution of the turbine supply agreement, along with the closing of a long-term hedge, are important elements of our near-term U.S. wind business plan," says Ryan Pfaff, executive vice president of EDF Renewable Energy.
EDF Renewable Energy says its U.S. portfolio spans 16 states with 4 GW of developed projects and an installed capacity of almost 2 GW.