EDF Renewable Energy has completed the sale of a 50% stake in the 194 -megawatt Spinning Spur 3 wind farm in Texas to a fund managed by BlackRock’s Infrastructure Investment Group.
The deal is the third of five signed agreements between BlackRock and EDF Renewable Energy to close. The remaining projects, Roosevelt (250MW) and Milo (49.65MW) wind projects, will close upon completion of construction and tax-equity financing.
The Spinning Spur 3 project, located 50 miles west of Amarillo in Oldham County, started commercial operation in September 2015, and comprise 97 sets of Vestas’ 2-MW turbines. The electricity feeds into the Competitive Renewable Energy Zone transmission infrastructure and is provided to two municipal utilities, Georgetown Utility Systems and Garland Power & Light, under long-term power-purchase agreements.
EDF RE continues to hold a 50 ownership stake in the project.