With this closing, Axium and its investors now own 277 MW of installed renewable assets in partnership with EDF RE in the U.S. and Canada. (Image courtesy of Mortenson)
EDF Renewable Energy (EDF RE) and a consortium led by Axium Infrastructure have announced the closing of the Slate Creek Wind acquisition, located in central Kansas. Based on the agreement, Axium has acquired a 50% ownership interest in the 150-MW project, which achieved commercial operations in December 2015.
The project is comprised of 75 Vestas 2.0-MW wind turbines. Kansas City Power & Light purchases the electricity generated pursuant to a 20-year, fixed-price power purchase agreement.
EDF RE will remain involved in the project as a 50% co-owner and provides management services. EDF Renewable Services provides a portion of the current operations and maintenance services, as well as 24/7 remote monitoring from its Operations Control Center.
With this closing, Axium and its investors now own 277 MW of installed renewable assets in partnership with EDF EN North America in the U.S. and Canada. All of these assets are contracted under long-term power purchase agreements. The sale of equity stakes represents an integral part of EDF RE’s business model, allowing the company to maintain a balanced ownership portfolio to assist in the funding of new project development.
Filed Under: News, Projects
