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EDF Renewable Energy agrees to sell 50% stake in 225MW wind project to Alliant Energy

Published 16 June 2017

EDF Renewable Energy has agreed to sell 50% stake in the 225MW Great Western wind project to Alliant Energy.

The stake acquisition is subject to regulatory and customary conditions. Financial terms of the acquisition were not disclosed.

EDF Renewable Energy will remain as the owner of the remaining stake and will also continue to provide management services. A portion of current operations and maintenance services as well as 24/7 remote monitoring are provided by ,  EDF Renewable Services from its operations control centre.

Great Western wind project is located in the counties of Woodward and Ellis counties near the Oklahoma panhandle and it provides power to Google’s data centres under a long term power purchase agreement.

The wind farm consists of 30 of 117 turbines, each with 3.3MW capacity, and 63 of V100 turbines, each with a capacity of 2MW, supplied by Vestas. Commercial operations of the project began last December.

Alliant Energy business development vice president Joel Schmidt said “EDF RE is a renewable energy leader and we are proud to establish a partnership with them.

“Our 50% cash equity ownership interest in this Project aligns with Alliant Energy’s strategy to invest in renewable energy.”

EDF Renewable Energy Portfolio Strategy vice president Raphael DeClercq said: “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.

“We are pleased to forge a new business relationship with Alliant Energy on this first transaction. We are confident that our expertise as a developer and operator complements Alliant Energy’s renewable energy strategy.”

Presently, EDF Renewable Energy has a 9GW portfolio which includes wind, solar, storage, biomass and biogas projects developed throughout the US, Canada and Mexico.