UBS, EDF Renewable Energy partner on wind energy projects

EDF Renewable Energy and UBS International Infrastructure Fund signed a definitive agreement under which UBS International Infrastructure Fund will buy a 50 percent equity interest from EDF Renewable Energy in the 161 MW Spinning Spur II wind farm project, subject to completion of construction and customary conditions precedent.

Spinning Spur II, located in Oldham County Texas, commenced construction in June 2013 with an expected commercial operation date on or about July 1, 2014.

Spinning Spur II will use 87 General Electric (GE) wind turbines with a rated capacity of 1.85 MW each. The project will be one of the first to take advantage of the new Competitive Renewable Energy Zones (CREZ) transmission lines connecting the wind power capacity of the Texas Panhandle to high electricity demand areas in the state.

EDF Renewable Energy’s portfolio consists of 4 GW of developed projects with 1.9 GW of installed capacity.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs