EDF Renewable Energy announced Jan. 8 the acquisition of the 194-MW Spinning Spur 3 Wind Project in Texas from Cielo Wind Power LP.
Spinning Spur 3 is located in Oldham County, Texas, roughly 50 miles west of Amarillo. The project is expected in commercial operation by the end of 2015 utilizing the Electricity Reliability Council of Texas’ (ERCOT) new Competitive Renewable Energy Zone (CREZ) transmission lines.
The electricity generated from Spinning Spur 3 will be provided to two municipal utilities, Georgetown Utility Systems and Garland Power & Light, under long-term Power Purchase Agreements.
“EDF Renewable Energy entered the Texas market in 2011 through the first Spinning Spur project, and continues to find attractive investment opportunities in the state,” said Ryan Pfaff, Executive Vice President at EDF Renewable Energy. “We are pleased to add Spinning Spur 3 to our growing Texas wind portfolio, which we expect to exceed 1 GW of installed capacity by the end of 2015. We further look forward to providing affordable, clean electricity to the citizens and businesses of Georgetown and Garland.”
“Resource diversity not only makes good business sense, but it also affords the opportunity to invest in an environmentally sound future,” said Jim Briggs, General Manager of Georgetown Utility Systems. “We are pleased to initiate a business relationship with EDF Renewable Energy and look forward to the potential this new resource adds to our portfolio.”
“We’re excited to be involved in this partnership,” said Jeff Janke, Senior Managing Director of Garland Power & Light. “With this agreement, we will add a source of competitively-priced energy to the power supply mix that will benefit our customers for years to come.”
EDF Renewable Energy develops, constructs, operates and manages renewable energy projects throughout the United States for its own accord as well as for third parties. EDF Renewable Energy’s portfolio consists of over 3.5 GW of developed projects with 1.8 GW of installed capacity.
Cielo Wind Services is a Texas corporation which is wholly owned by Cielo Wind Power LP. Cielo Wind Power LP is a private closely-held company based in Austin, Texas, whose sole business is the development and operation of wind power facilities. Cielo is the largest independently-owned wind company in the U.S. Cielo has developed 1,751MW of projects in New Mexico and Texas over the past 11 years.