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June 19, 2017

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.

US-based EDF Renewable Energy (EDF RE) has signed an agreement to sell 50% of the 225MW Great Western wind project to Alliant Energy.

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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
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  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
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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.”

"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.”

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Free Report
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Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

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