EDF Renewable Energy (EDF RE) announced Jan. 28 that the 49.65-MW Milo Wind Project in New Mexico reached commercial operation on Jan. 21.
The project, located near the village of Dora in Roosevelt County, commenced construction of its 25 Vestas wind turbines in January 2015. The electricity is committed into the Real-Time market in the Southwest Power Pool.
EDF Renewable Energy is one of the largest renewable energy developers in North America with 7.8 GW of wind, solar, storage, biomass and biogas projects developed throughout the U.S., Canada, and Mexico.
The Federal Energy Regulatory Commission on Dec. 15 of this past year approved an application from Roosevelt Wind Project LLC and Milo Wind Project LLC requesting a change of ownership. To effectuate a tax equity investment, BAL Investment & Advisory Inc. (BALIA) and Allianz of America Inc., or one or more their respective affiliates, would acquire from EDF Renewable Energy 100% of the passive, non-managing Class A membership interests in MiRose Holdco LLC, the immediate upstream owner of the applicants. The applicants are exempt wholesale generators with market-based rate authority.
- Roosevelt is developing and will own and operate an approximately 250-MW wind facility to be located in Roosevelt County, New Mexico. Output from the Roosevelt Facility will be sold under a long-term power purchase agreement.
- Milo is developing and will own and operate an approximately 50-MW wind facility also located in Roosevelt County, New Mexico. Output from the Milo Facility will be sold in the SPP wholesale market.
BALIA is an indirect, wholly owned subsidiary of Bank of America, a bank holding company and a financial holding company. Allianz is an indirect wholly owned subsidiary of Allianz SE, which is based in Germany. The managing Class B membership interests of these two wind project companies will continue to be indirectly held by EDF-RE. Thus there would be no change in their day-to-day operational control.