EDF Renewable Energy (EDF RE) has closed on the transaction to sell 50% interest of the 194-MW Spinning Spur 3 Wind Project in Texas to a fund managed by BlackRock’s Infrastructure Investment Group. This transaction is the third of five signed agreements between BlackRock and EDF Renewable Energy to close. The remaining projects, Roosevelt (250 MW)…
EDF EN Canada sells stake in the Rivière-du-Moulin Wind Project
EDF EN Canada Inc., a subsidiary of EDF Energies Nouvelles Group, have executed an Asset Purchase Agreement with DIM WIND LP, a limited partnership formed by a consortium of three affiliates of the Desjardins Group, Manulife Financial Corporation, and iA Financial Group. The agreement is to divest a 42.5% interest to the consortium in the…
Enbridge acquires interest in UK offshore wind project
Enbridge Inc. announced the acquisition of a 24.9% interest in the 400-MW Rampion Offshore Wind Project in the UK. The company’s total investment in the project is expected to be CAD $750 million (£370 million) inclusive of all interest during construction, transaction costs, and a development fee. The offshore wind project was developed and is…
Investment consortium acquires ownership in a 1,100-MW wind portfolio from EDP Renewables
A consortium led by Fiera Axium Infrastructure has acquired a minority ownership interest in a 1,100-megawatt (MW) portfolio of eight operating wind farms located throughout the United States from EDP Renewables (EDPR). The consortium is composed of Fiera Axium Infrastructure U.S. L.P., Swiss Life Funds (Lux) Global Infrastructure Opportunities S.C.A., SICAV-SIF, and John Hancock Life…