EDF Renewable Energy has sold half the interest in the 200-MW Longhorn Wind Project to a fund managed by BlackRock’s Infrastructure Investment Group. It’s the second of five projects the two companies signed agreements on this year.
The Longhorn Project in Floyd and Briscoe counties consists of 100 Vestas V-100 wind turbine generators, each with a 2-MW capacity. The project interconnects to the recently-completed Competitive Renewable Energy Zone (CREZ) transmission infrastructure, enabling the delivery of long-term, clean, competitively-priced electricity from west Texas to the rest of the state. It’s expected to produce enough electricity for the equivalent of 55,000 homes.
EDF maintains 50-percent of the ownership stake in the project and will provide balance-of-plant operations and maintenance for the Longhorn project, including round-the-clock remote monitoring from its NERC-compliant Operations Control Center.
The first sale between EDF and BlackRock was the 200-MW Hereford Wind Project, and the remaining projects include the 194-MW Spinning Spur 3, the 250-MW Roosevelt and the 49.65-MW Milo wind projects, which are expected to close upon completion of construction.
EDF Renewable Services is the leading provider of renewable operations and maintenance services in North America.
BlackRock operates one of the largest renewable power investment platforms in the world with more than $1.5 billion of AUM and commitments.
Longhorn is BlackRock’s 16th transaction completed to date in the renewable space, bringing the company’s invested portfolio to about 615 MW of wind and 178 MW of solar across the U.S., Canada, Ireland, the U.K. and France.