EDF Renewable Energy announced Jan. 9 the acquisition of Roosevelt Wind Project LLC from Infinity Wind Power.
The up to 300-MW project controlled by this company is expected to achieve commercial operation in December 2015. The project is sprawled across 62,000 acres of grazing farmland within Roosevelt County, N.M., roughly 18 miles southwest of Portales. Southwestern Public Service (SPS), a subsidiary of Xcel Energy (NYSE: XEL), will purchase the electricity generated by the 250 MW first phase of the project under a 20-year, fixed-price power purchase agreement.
“The Roosevelt project will be the first wind facility constructed and owned by EDF Renewable Energy in New Mexico,” said Ryan Pfaff, Executive Vice President at EDF Renewable Energy. “We are excited to add another dimension to our business activities in the state, where our operations and maintenance subsidiary, EDF Renewable Services, has been active since 2004. Roosevelt is a good strategic fit for EDF RE, given its proximity to our growing fleet in the Texas Panhandle, and affords us the opportunity to expand our relationship with Southwestern Public Service – one of our valued utility partners.”
“Infinity Wind Power is delighted to partner with EDF Renewable Energy on the Roosevelt Wind Project,” said Matt Riley, CEO at Infinity Wind Power. “EDF Renewable Energy’s stellar reputation as a wind energy owner and operator, especially their focus on community and landowner relations, is a perfect complement to Infinity’s mission.”
In July 2013, Southwestern Public Service had filed an application requesting that the New Mexico Public Regulation Commission enter an order authorizing SPS to:
- enter into a purchased power agreement with NextEra Energy Resources’ Mammoth Plains Wind Project Holdings LLC for the purchase of 199 MW of wind energy beginning no later than Dec. 31, 2014, and continuing for twenty years;
- enter into a purchased power agreement with NextEra’s Palo Duro Wind Project Holdings LLC for the purchase of 249 MW beginning no later than December 2014 and continuing for twenty years;
- enter into a purchased power agreement with Infinity Wind Power’s Roosevelt Wind Ranch LLC for the purchase of 250 MW beginning no later than Dec. 31, 2015, and continuing for twenty years; and
The New Mexico commission approved the SPS application in November.
EDF Renewable Energy is a leading U.S. independent power producer with more than 25 years of expertise in the renewable industry. Its portfolio consists of 4 GW of developed projects with 1.9 GW of installed capacity.
Infinity Wind Power’s portfolio includes 345 MW of operating wind projects, 200 MW planned for 2014 commercial operation, and up to 930 MW planned for 2015 commercial operation.