EDF Renewable Energy (EDF RE) announced the signing of the Purchase and Sale Agreement by which Alliant Energy Corporation will acquire a 50% ownership interest in the 225-MW Great Western Wind Project. Completion of the transaction is subject to regulatory approval and customary conditions precedent.
“EDF RE is a renewable energy leader and we are proud to establish a partnership with them,” said Alliant Energy VPt of Business Development Joel Schmidt. “Our 50% cash equity ownership interest in this Project aligns with Alliant Energy’s strategy to invest in renewable energy.”
EDF RE remains involved in the project as a 50% co-owner and provides management services. It provides a portion of the current operations and maintenance services, as well as 24/7 remote monitoring from its Operations Control Center (OCC).
Great Western Wind is comprised of 30 V117 (unit capacity of 3.3 MW) and 63 V100 (unit capacity of 2.0 MW) wind turbines supplied by Vestas.
The project achieved commercial operations in December 2016; electricity generated is provided to Google under a long-term Power Purchase Agreement (PPA).
“The sale of equity stakes represents an integral part of EDF Renewable Energy’s business model, allowing us to maintain a balanced ownership portfolio in order to assist in the funding of new project development,” said Raphael DeClercq, VP of Portfolio Strategy for EDF RE. “We are confident that our expertise as a developer and operator complements Alliant Energy’s renewable energy strategy.”
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