Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Green Power
Wind
Return to: CTBR Home | Green Power | Wind

EDF Renewable Energy sells 50% stake in two New Mexico wind projects

CTBR Staff Writer Published 15 March 2016

EDF Renewable Energy (EDF RE) has sold a 50% stake in two New Mexico wind projects to private equity firm Blackrock Infrastructure.

The two projects are its 250MW Roosevelt wind project and 49.65 MW Milo wind project, both of which are situated in Roosevelt County, New Mexico.

The projects features a total of 150 Vestas turbines and generate enough energy to power about 170,000 homes.

The larger facility delivers power to Southwestern Public Service Company (SPS), part of Xcel Energy, while the other plant provides into the Real-Time market in the Southwest Power Pool (SPP) Regional Transmission Organization (RTO).

EDF Renewable Services will provide balance-of-plant operations and maintenance for the facility including 24/7 remote monitoring.

EDF Renewable Energy portfolio strategy vice president Raphael Declercq said: "In total, EDF RE has committed 50 percent stakes in 894 MW of US wind energy projects to BlackRock since the start of 2015 along with a 40 percent stake in an earlier transaction."

"Those partial sell-downs are an integral part of our business, and this particular portfolio transaction is a testament to our strong partnership with BlackRock Infrastructure; it illustrates our philosophy of building long-term relationships with leading industry counterparties."

So far, BlackRock Infrastructure has a total invested portfolio of around 1.9GW of wind and solar projects.