Global Leader in International Renewable Industry News

posted in:

EDF Renewable Energy closes financing on Spearville 3 Wind Project

Friday, Jan 04, 2013

EDF Renewable Energy, formerly enXco, announced today that it completed tax equity financing with Bank of America Merrill Lynch on December 21 for the 100.8 megawatt Spearville 3 Wind Project.

“Our long standing institutional partnership with EDF is of great strategic importance to our Renewable Energy Finance business. We are very pleased to expand our relationship with the success of this latest collaboration.”

EDF Renewable Energy developed and built the Spearville 3 Wind Project, located in Ford County, northeast of Dodge City, Kansas. It consists of 63 General Electric (GE) XLE turbines and generates enough electricity to supply approximately 40,000 average homes with renewable energy.

“We appreciate the collaboration with BofA Merrill on this first tax equity deal between our companies,” said Jim Peters, Vice President of Project Finance for EDF Renewable Energy. “The financing deal demonstrates our continued success in the tax-equity market and underscores wind power’s ability to provide clean, abundant and affordable power, while creating economic benefits.”

Todd Karas, President of Banc of America Public Capital Corp, added, “Our long standing institutional partnership with EDF is of great strategic importance to our Renewable Energy Finance business. We are very pleased to expand our relationship with the success of this latest collaboration.”

Spearville 3 began delivering carbon-free electricity into the KCP&L generation portfolio under a 20-year power purchase agreement in October 2012. EDF Renewable Services, formerly enXco Service Corporation, will provide operations and maintenance service.

Source: Business Wire

posted in:

Other Renewable News

SPI Solar announces amendment to agreement for Mountain Creek project 24-04-2014
Accenture to help Azure Power expand its solar generation business 24-04-2014
EPIA presents the Global Market Outlook for Photovoltaics 2014-2018 at Intersolar Europe 24-04-2014
Avianca Brasil and Byogy Renewables forge initiative to drive the global approval of Alcohol-to-Jet (ATJ) renewable jet fuel 24-04-2014
Intersolar North America strengthens focus on growing energy storage market 23-04-2014
GDF SUEZ Energy Resources NA again donates renewable energy certificates to the Houston Museum of Natural Science in Honor of Earth Day 23-04-2014
3M celebrates 10-year record of EPA ENERGY STAR sustained excellence award 23-04-2014
SolarWorld powers spread of grass-roots community solar purchasing from coast to coast 23-04-2014
Canadian Solar to supply 43MW of solar modules in Japan 23-04-2014
Nice-Pak products and PDI complete largest Rooftop solar array in Rockland County 22-04-2014