The 140-MW Pacific Wind Project, located in Kern County, Calif., is operational and supplying electricity to the regional transmission grid.
EDF Renewable Energy, formerly enXco, developed and owns the project, which is delivering electricity to the California ISO grid. San Diego Gas and Electric (SDG&E), a unit of Sempra Energy (NYSE: SRE), has a 20-year power purchase agreement for the wind plant’s output.
In addition, EDF Renewable has closed financing for the project via a sale-leaseback transaction with Bankers Commercial Corp., a subsidiary of Union Bank, Metropolitan Life Insurance Company, and Citibank, NA. With this transaction, EDF Renewable Energy has successfully closed more than $4bn in financing facilities over the last 10 years.
The plant is powered by REpower MM92 turbines and Pacific Wind generates electricity to supply approximately 56,000 customers. EDF Renewable Services, formerly enXco Service Corp., will provide operations and maintenance services.
“Policy support, such as California’s 33% mandate for renewable energy and the federal Production Tax Credit, are critical to level the playing field and provide for a stable wind industry that continues to produce jobs and tax revenues to local economies,” said Mark Tholke, Vice President of EDF Renewable Energy’s Southwest Region. “This project, according to an economic impact study, is expected to generate over $300m in total economic benefits for Kern County businesses, government, and households over the life of the project.”
Pacific Wind Project represents EDF Renewable Energy’s 20th owned renewable energy project in California generating a combined 635.5 MW of clean energy for the state. This project brings EDF Renewable Energy’s gross installed capacity in the United States to 1,467 MW.