EDF Renewables makes another wind farm deal

 

While Texas is trying to figure out what went disastrously wrong in last month’s winter storm, leaving millions in the dark, another wind farm is going up near Houston.

EDF Renewables North America, a firm with numerous wind farm operations in Oklahoma announced a power purchase agreement for the second phase of its Space City Solar Project with Enterprise Products Partners L.P.

The announcement resulted in a 5.1% increase in stocks for Enterprise Products. Located in Wharton County southwest of the city of Houston, the 100 MWac wind farm could see construction underway this summer and delivery of electricity by the summer of 2022.

Approximately 300 jobs are expected to be created during the construction phase with more than $30 million generated in new tax revenue over the operating life for Wharton County taxing entities.

A.J. “Jim” Teague, co-chief executive officer of Enterprise’s general partner, stated, “In 2020, we launched an initiative to evaluate opportunities to expand solar power purchasing and/or installations across our system. We are proud to say this purchase agreement is a result of those efforts.”

He said that by 2025, an estimated 25% of the firm’s power will be from renewable resources.

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