EDF Renewable Energy Acquires Roosevelt Wind Project
EDF Renewable Energy announced the acquisition of Roosevelt Wind Project, LLC from Infinity Wind Power. The up to 300 megawatt (MW) project is expected to achieve commercial operation in December 2015.
The project encompasses approximately 62,000 acres of grazing farmland within Roosevelt County, New Mexico, roughly 18 miles southwest of Portales. Southwestern Public Service Company (SPS), a subsidiary of Xcel Energy, will purchase the electricity generated by the 250 MW first phase of the project, pursuant to a 20-year, fixed-price power purchase agreement.
'The Roosevelt project will be the first wind facility constructed and owned by EDF Renewable Energy in New Mexico,' commented Ryan Pfaff, Executive Vice President at EDF Renewable Energy. 'We are excited to add another dimension to our business activities in the state, where our operations and maintenance subsidiary, EDF Renewable Services, has been active since 2004. Roosevelt is a good strategic fit for EDF RE, given its proximity to our growing fleet in the Texas Panhandle, and affords us the opportunity to expand our relationship with Southwestern Public Service - one of our valued utility partners.'
'Infinity Wind Power is delighted to partner with EDF Renewable Energy on the Roosevelt Wind Project,' said Matt Riley, Chief Executive Officer at Infinity Wind Power. 'EDF Renewable Energy's stellar reputation as a wind energy owner and operator, especially their focus on community and landowner relations, is a perfect complement to Infinity's mission.'
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 4 gigawatts of developed projects with 1.9 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 Infinity Wind Power, LLC
Infinity Wind Power is a leader in wind energy development, focused on advancing quality wind projects through the development process. Infinity's portfolio includes 345 megawatts of operating wind projects, 200 megawatts planned for 2014 COD, and up to 930 megawatts planned for 2015 COD. Based on a landowner advocacy approach, Infinity's primary goal is to identify and develop wind energy projects with a focus on partnership creation for long-term ownership. To learn more about Infinity Wind Power, please visit www.infinitywind.com.
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EDF Renewable Energy