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EDF Renewables buying 300-MW wind project in Nebraska

Wind park. Author: Santi VillamarĂ­n. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

January 18 (Renewables Now) - The North American unit of EDF Renewables has sealed a deal to buy the 300-MW Milligan 1 wind project in Nebraska, thus entering the specific state for the first time.

EDF Renewables North America is acquiring the asset from York Nebraska Wind Partners LLC, which is a partnership comprised of Aksamit Resource Management LLC and York Capital Management. The value of the deal was not disclosed.

Milligan 1 is currently in development in Saline County. Upon completion in late 2020, the wind farm will produce enough power to meet the annual consumption of up to 115,000 average homes. It will be selling its generated electricity and Renewable Energy Credits (RECs) into the Southwest Power Pool.

“Nebraska’s abundant wind resource and supportive regulatory environment combine to create an opportunity for EDF Renewables to bring the benefits of jobs, landowner payments, and state and local tax revenue to the local community,” commented Matthew McCluskey, Senior Director of Development for EDF Renewables.

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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