EDF Renewable Energy says it has acquired the 194MW Spinning Spur 3 wind project in the Texas Panhandle from developer Cielo Wind Power.
Terms were not made public. The deal
includes long-term power purchase agreements with two municipal utilities: Georgetown
Utility Systems and Garland Power & Light.
EDF expects to have Spinning Spur 3
in commercial operation in fourth quarter 2015. Electricity from the project
will be transported utilizing high-voltage transmission lines installed in
EDF last year gained full ownership
of Cielo’s 161MW Spinning Spur 2 project.
Ryan Pfaff, executive vice president
at EDF, says the independent power producer continues to find “attractive
investment opportunities” in Texas, and expects to exceed 1GW of installed wind
capacity there by 1 January 2016.