EDF Renewable Energy Increases Investment in Texas Company Acquires 194 MW Wind Project
EDF Renewable Energy announced the acquisition of the 194 megawatt (MW) Spinning Spur 3 Wind Project from Cielo Wind Power LP (Cielo).
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.'
About EDF Renewable Energy
EDF Renewable Energy is a leading U.S. independent power producer with more than 25 years of expertise in the renewable industry, covering all range of services from project development, management to operations and maintenance. EDF Renewable Energy specializes in wind and solar photovoltaic with presence in other segments of the renewable energy market: biogas, biomass, hydro, marine energy and storage solutions. The company develops, constructs, operates and manages renewable energy projects throughout the United States for its own accord as well as for third parties. EDF Renewable Energy's portfolio consists of over 3.5 gigawatts of developed projects with 1.8 gigawatts of installed capacity. EDF Renewable Energy is the U.S. subsidiary of EDF Energies Nouvelles. EDF Energies Nouvelles is the renewable energy arm of the EDF group, the leading electricity company in the world.
About Cielo Wind Services, Inc.
Cielo Wind Services, Inc. (Cielo), a Texas corporation which is wholly owned by Cielo Wind Power, LP. Cielo Wind Power, LP is a private closely-held company based in Austin, Texas, whose sole business is the development and operation of wind power facilities. Cielo is the largest independently-owned wind company in the U.S. Cielo has developed 1,751MW of projects in New Mexico and Texas over the past 11 years. 'Wind Ranch' is a registered trademark of Cielo Wind Power, LLC. For more information, visit us at cielowind.com or contact Virginia Rogan at firstname.lastname@example.org or (512) 440-0305.
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