EDF completes sale of 50% stakes in 332 MW wind and solar portfolio to PGGM
EDF Renewables North America, a unit of EDF Group has completed the sale of a 50% stake in two renewable energy projects with a combined capacity of 332 MW in USA to Netherlands-based Pggm Coöperatie UA, a unit of Zeist.
The transaction covers the sale of the 200 MW Glaciers Edge wind farm in Cherokee County and the 132 MW Valentine Solar Project in California. The wind farm project has a 12-year power purchase agreement (PPA) with Alphabet Inc., a unit of Google LLC while the solar farm has a 15-year PPA deal with Edison International, a subsidiary Southern California Edison Co.
With the closing of the deal, EDF Group will remain as the co-owner of the projects and will continue to serve the management, operations and maintenance services.
Country updates
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May 08, 2020
RCEA signs PPA deal with EDPR for the 200 MW Sandrini solar PV project in Bakersfield
EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), and Redwood Coast Energy Authority (RCEA) have executed a 15-year power purchase agreement (PPA...
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May 07, 2020
LS Power enters agreement to acquire Yards Creek Station in New Jersey
U.S. power and energy infrastructure owner LS Power Equity Advisors, LLC has signed definitive agreements to acquire the Yards Creek Power Station located in New Jersey, USA. LS Power’s a...
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May 07, 2020
Ara Partners closes US$400m fund
Ara Partners, a private equity firm specializing in industrial decarbonization investments, has closed its debut fund, Ara Fund I, LP, with approximately US$400 million in capital commitments. Ara Par...
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May 07, 2020
Mortenson starts the construction of Silicon Ranch's 86 MW solar project in Denton
Mortenson has started the construction of the 86 MWAC solar facility for Silicon Ranch, located in Jeff Davis County, Southern part of the state of Georgia, USA. Mortenson's scope of work...
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May 06, 2020
Alliant and EDF commission 200 MW wind project in USA
Alliant Energy and EDF Renewables have announced that the 200 megawatt (MW) Golden Plains Wind Project achieved commercial operation and is now delivering cost-effective, clean electricity to Iowa cus...
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