US independent power producer EDF Renewable Energy (EDF RE) said Tuesday it has completed the sale of a 50% stake in the 200-MW Longhorn wind farm in Texas to a fund managed by BlackRock Inc (NYSE:BLK).
Previously, the company sold a 50% stake in the 200-MW Hereford wind park to BlackRock and is yet to implement similar transactions with the investment manager involving the 194-MW Spinning Spur 3, 250-MW Roosevelt and 49.65-MW Milo projects. In total, EDF RE has committed 50% stakes in 894 MW of US wind projects to BlackRock since the beginning of the year.
EDF RE will continue to hold a 50% interest in Longhorn Wind and its unit EDF Renewable Services will provide balance-of-plant operations and maintenance for the facility.
The wind park, which achieved commercial operation earlier this year, consists of 100 pieces of 2-MW Vestas V-100 wind turbines. They are able to generate enough electricity to power about 55,000 homes. The facility will interconnect to the recently finalised Competitive Renewable Energy Zone (CREZ) transmission infrastructure.
With the latest addition, BlackRock Infrastructure’s renewables investment platform now includes about 615 MW of wind and 178 MW of solar projects in the US, Canada, Ireland, the UK and France.
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