EDF Renewable Services has signed an asset administration agreement with D.E. Shaw Renewable Investments (DESRI) to operate and service the private equity firm's 300 MW Balko Wind project, located in Beaver County, Okla.
When the project is completed later this year, Balko Wind will be powered by 162 GE 1.85-87 wind turbines. Western Farmers Electric Cooperative and Public Service Co. of Oklahoma have agreed to buy the project's output.
According to EDF, asset administration represents a new service offering from the company's operations and maintenance group. Asset administration, the company explains, fills a need for project owners related to operational oversight, financial management, business reporting and performance forecasting.
A D.E. Shaw affiliate acquired the wind farm from Charlottesville, Va.-based developer Apex Clean Energy in late 2014.
Under the terms of the agreement, EDF Renewable Services will provide a full spectrum of project management, oversight and administration functions to optimize lifecycle performance and project profitability. In addition, EDF will provide balance-of-plant services for the project's wind turbine generators, including remote services performed by the company's North American Electric Reliability Corp.-registered operations control center.
EDF Renewable Services operates more than 9.3 GW of wind, solar and biomass projects throughout the U.S., Canada and Mexico, employing more than 500 people.