EDF Renewable Energy to sell 50% of Great Western wind project to Alliant Energy
US-based EDF Renewable Energy (EDF RE) has signed an agreement to sell 50% of the 225MW Great Western wind project to Alliant Energy.
The newly signed purchase and sale deal is subject to regulatory approval and customary conditions.
Under the deal, EDF RE will continue to involve in the project as a 50% co-owner and will provide management services.
EDF RE currently provides a portion of the operations and maintenance services, as well as around-the-clock remote monitoring for the Great Western project from its Operations Control Centre (OCC).
Alliant Energy's business development vice-president Joel Schmidt said: “Our 50% cash equity ownership interest in this Project aligns with Alliant Energy’s strategy to invest in renewable energy.”
Situated in Woodward and Ellis counties in Oklahoma, the Great Western wind project is equipped with 30 V117 and 63 V100 wind turbines supplied by Vestas. The windfarm was commissioned in December last year and is currently supplying electricity to Google under a long-term power purchase agreement (PPA).
EDF Renewable Energy's portfolio strategy vice-president Raphael DeClercq said: “The sale of equity stakes represents an integral part of EDF Renewable Energy’s business model, allowing us to maintain a balanced ownership portfolio to assist in the funding of new project development.
“We are pleased to forge a new business relationship with Alliant Energy on this first transaction.
“We are confident that our expertise as a developer and operator complements Alliant Energy’s renewable energy strategy.”