EDF Renewable Energy to Sell 50% Interest in 200MW Wind Facility to BlackRock

published: 2015-10-01 17:38 | editor: | category: News

EDF Renewable Energy (EDF RE) has closed on the transaction to sell a 50% interest in the 200MW Longhorn Wind Project to a fund managed by BlackRock’s Infrastructure Investment Group (BlackRock Infrastructure).

The Longhorn Project, located in Floyd and Briscoe counties, is comprised of 100 Vestas V-100 wind turbine generators each with a rated capacity of 2 MW. The Project will interconnect to the recently completed Competitive Renewable Energy Zone (CREZ) 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 remains closely involved in Longhorn Wind maintaining 50% ownership stake. EDF Renewable Services will provide balance-of-plant operations and maintenance for the facility including 24/7 remote monitoring from its NERC compliant Operations Control Center (OCC).

“We are pleased to partner with EDF Renewable Energy to add the Longhorn Wind to our global renewables portfolio,” said Jim Barry, Global Head of BlackRock Infrastructure.

Longhorn Wind follows the closing of Hereford Wind Project (200 MW) in February, marking the second of five projects that BlackRock and EDF Renewable Energy signed agreements on earlier this year. The remaining three projects, Spinning Spur 3 (194 MW), Roosevelt (250 MW) and Milo (49.65 MW) wind projects, will close upon completion of construction and tax-equity financing.

BlackRock operates one of the largest renewable power investment platforms in the world with over $1.5 billion of AUM and commitments. The Longhorn project is the 16th transaction completed to date by BlackRock Infrastructure in the renewables space, bringing the total invested portfolio to approximately 615 MW of wind and 178 MW of solar projects located across the USA, Canada, Ireland, UK and France.

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