EDF Renewable Energy bought the 200 MW Longhorn North Wind Project from Renewable Energy Systems Americas Inc. (RES Americas).
RES Americas will construct Longhorn, its 18th renewable energy project in Texas, under a balance-of-plant agreement. Construction on the 200 MW project will begin in time to qualify it for the production tax credit (PTC) and is slated for completion at the end of 2014.
The project, located in Floyd and Briscoe counties, 60 miles northeast of Lubbock, Texas, will use the Competitive Renewable Energy Zone (CREZ) transmission lines to connect the wind power capacity of the Texas Panhandle to high electricity demand areas in the state.
EDF Renewable Energy has also secured a long-term, fixed-price hedge agreement for the expected energy production of the project.