EDF Renewable Energy has completed closed on the sale of its 50% stake in the 200-megawatt Longhorn wind farm in Texas to a fund managed by BlackRock’s Infrastructure Investment Group.
The sale follows the closing of the 200-MW Hereford Wind Project in February, marking the second of five projects that BlackRock and EDF Renewable Energy signed agreements on earlier this year. The remaining three projects, the 194-MW Spinning Spur 3, the 250-MW Roosevelt and the 49.65-MW Milo wind projects, will close upon completion of construction and tax-equity financing.
The Longhorn wind farm, located in Floyd and Briscoe counties, comprises 100 sets of Vestas’ V-100 wind turbine generators each with a rated capacity of 2MW. The project will interconnect to the recently completed Competitive Renewable Energy Zone transmission infrastructure which enables delivery of long-term, clean, competitively priced power from the strong renewable resource regions of West Texas to the rest of Texas.
EDF RE will continue to hold a 50% ownership stake in Longhorn, which will generate enough electricity to power approximately 55,000 homes . EDF Renewable Services will provide balance-of-plant operations and maintenance for the facility.