EDF adds project to Texas portfolio

EDF Renewable Energy says it has entered into an agreement with Lincoln Renewable Energy to acquire the first 200MW phase of the Hereford Wind Project in the Texas Panhandle.

Terms of the deal were not made public.

First phase construction is planned to begin later this year to enable the project to qualify for the federal production tax credit (PTC).

EDF says it is in advanced negotiations to secure a long-term, fixed-price hedge agreement for the expected energy production of the first project phase.

The project will take advantage of the new CREZ (Competitive Renewable Energy Zone) high-voltage transmission lines connecting the wind generating capacity of the Texas Panhandle to high electricity demand load centers in the state.

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