EDF Renewable Energy acquires Roosevelt Wind Project
Friday, Jan 10, 2014
EDF Renewable Energy today announced the acquisition of Roosevelt Wind Project, LLC from Infinity Wind Power. The up to 300 megawatt (MW) project is expected to achieve commercial operation in December 2015.
“EDF Renewable Energy’s stellar reputation as a wind energy owner and operator, especially their focus on community and landowner relations, is a perfect complement to Infinity’s mission.”
The project encompasses approximately 62,000 acres of grazing farmland within Roosevelt County, New Mexico, roughly 18 miles southwest of Portales. Southwestern Public Service Company (SPS), a subsidiary of Xcel Energy, will purchase the electricity generated by the 250 MW first phase of the project, pursuant to a 20-year, fixed-price power purchase agreement.
“The Roosevelt project will be the first wind facility constructed and owned by EDF Renewable Energy in New Mexico,” commented Ryan Pfaff, Executive Vice President at EDF Renewable Energy. “We are excited to add another dimension to our business activities in the state, where our operations and maintenance subsidiary, EDF Renewable Services, has been active since 2004. Roosevelt is a good strategic fit for EDF RE, given its proximity to our growing fleet in the Texas Panhandle, and affords us the opportunity to expand our relationship with Southwestern Public Service - one of our valued utility partners.”
“Infinity Wind Power is delighted to partner with EDF Renewable Energy on the Roosevelt Wind Project,” said Matt Riley, Chief Executive Officer at Infinity Wind Power. “EDF Renewable Energy’s stellar reputation as a wind energy owner and operator, especially their focus on community and landowner relations, is a perfect complement to Infinity’s mission.”
Source: Business Wire