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January 7, 2013

EDF completes financing for 100.8MW Spearville 3 Wind Project in US

EDF Renewable Energy has completed tax equity financing with Bank of America Merrill Lynch for the 100.8MW Spearville 3 Wind Project in Kansas, US.

By admin-demo

Wind farm

EDF Renewable Energy has completed tax equity financing with Bank of America Merrill Lynch for the 100.8MW Spearville 3 Wind Project in Kansas, US.

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The company developed and built the Spearville 3 wind project, which is comprised of 63 General Electric (GE) XLE turbines.

Located in Ford County, the renewable energy project generates enough clean electricity to power about 40,000 homes in the region.

Under a 20-year power purchase agreement, the Spearville 3 project started delivering carbon-free electricity into the KCP&L generation portfolio on October 2012.

EDF Renewable Services, formerly enXco Service, will provide operations and maintenance services for the Spearville 3 wind project.

EDF Renewable Energy project finance VP, Jim Peters, said: "The financing deal demonstrates our continued success in the tax-equity market and underscores wind power’s ability to provide clean, abundant and affordable power, while creating economic benefits."

Bank of America Public Capital president, Todd Karas, commented: "Our long standing institutional partnership with EDF is of great strategic importance to our Renewable Energy Finance business."


Image: The 100.8MW Spearville 3 wind project consists of 63 GE XLE turbines. Photo: courtesy of Seksen iki yüz kirk bes.

 

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
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  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
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