New Mexico and Texas wind farms sold by EDF Renewables to Canadian company

EDF Energies Nouvelles commissions the 200 MW Hereford wind farm in Texas |  José Santamarta Flórez

 

EDF Renewables North America announced it has sold majority ownership of five wind farms in Texas and New Mexico.

Canadian-based Boralex acquired EDF Renewables’ 50-percent ownership in the projects totaling 447 megawatts.

EDF Renewables put into service all five projects totaling 894 MW with commissioning dates between 2014 and 2015. The sale of assets represents an integral part of EDF Renewables’ business model to facilitate a balanced portfolio and advance funding for new project development.

PROJECT

CAPACITY

COMMISSIONING

LOCATION

Hereford

200 MW

2014

Deaf Smith County, Texas

Longhorn

200 MW

2015

Floyd & Briscoe Counties, Texas

Spinning Spur 3

194 MW

2015

Oldham County, Texas

Milo

50 MW

2015

Roosevelt County, New Mexico

Roosevelt

250 MW

2015

Roosevelt County, New Mexico

“Considering EDF Renewables’ extensive development capabilities throughout North America, divestures provide an opportunity to rebalance our portfolio of owned assets,” said Luis Silva, Chief Financial Officer, EDF Renewables. “We are grateful to have worked constructively with the local stakeholders in Texas and New Mexico over the last decade and are pleased to partner with Boralex on this transfer of ownership.”

“Boralex is pleased to collaborate with EDF Renewables on this transaction,” said Patrick Decostre, President and Chief Executive Officer of Boralex. “EDF Renewables and Boralex share extensive experience in renewable energy production, and this acquisition furthers our shared goals of making a more sustainable planet for generations to come.”

Boralex will become the managing member of the partnership.