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EDF Renewable Energy increases investment in Texas

Thursday, Jan 09, 2014

EDF Renewable Energy today announced the acquisition of the 194 megawatt (MW) Spinning Spur 3 Wind Project from Cielo Wind Power LP (Cielo).

“With this agreement, we will add a source of competitively-priced energy to the power supply mix that will benefit our customers for years to come.”

Spinning Spur 3 is located on approximately 18,000 acres in Oldham County, Texas, roughly 50 miles west of Amarillo. The project expects commercial operation by the end of 2015 utilizing ERCOT’s (Electricity Reliability Council of Texas) new CREZ (Competitive Renewable Energy Zone) transmission lines.

The clean electricity generated from the Spinning Spur 3 Wind Project will be provided to two municipal utilities, Georgetown Utility Systems and Garland Power & Light, under long-term Power Purchase Agreements.

“EDF Renewable Energy entered the Texas market in 2011 through the first Spinning Spur project, and continues to find attractive investment opportunities in the state,” commented Ryan Pfaff, Executive Vice President at EDF Renewable Energy. “We are pleased to add Spinning Spur 3 to our growing Texas wind portfolio, which we expect to exceed 1 GW of installed capacity by the end of 2015. We further look forward to providing affordable, clean electricity to the citizens and businesses of Georgetown and Garland.”

“Resource diversity not only makes good business sense, but it also affords the opportunity to invest in an environmentally sound future,” commented Jim Briggs, General Manager of Georgetown Utility Systems. “We are pleased to initiate a business relationship with EDF Renewable Energy and look forward to the potential this new resource adds to our portfolio.”

“We’re excited to be involved in this partnership,” said Jeff Janke, Senior Managing Director of Garland Power & Light. “With this agreement, we will add a source of competitively-priced energy to the power supply mix that will benefit our customers for years to come.”

Source: Business Wire

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