EDF Renewable Energy to buy 500 MW wind power project

Sponsored by

EDF Renewable Energy entered into a membership interest purchase agreement with Lincoln Renewable Energy to acquire the first phase of the up to 500 MW Hereford Wind Project in Texas.

The project, which has a footprint of about 15,000 acres in Deaf Smith County southeast of the town of Hereford, will take advantage of the competitive renewable energy zone (CREZ) transmission lines connecting the wind energy capacity of the Texas Panhandle to high electricity demand areas in the state.

Construction is expected to commence on the 200 MW first phase later in 2013 to qualify it for the production tax credit (PTC). The purchase is subject to certain conditions precedent, with an option to acquire the second phase of the project.

EDF Renewable Energy is in advanced negotiations to secure a long-term, fixed-price hedge agreement for the expected energy production of the first phase of the project.

Following on from the Spinning Spur (161 MW) and Bobcat Bluff (150 MW) projects commissioned in December 2012, and the Spinning Spur II (161 MW) project presently under construction in the Texas Panhandle, EDF Renewable Energy will soon expand the group’s installed wind capacity in the state to 972 MW.

Sponsored by
CURRENT ARTICLES

DOE project captures, stores 10 million metric tons of carbon dioxide

04/24/2015 Rapid commercial development and deployment of clean coal technologies, particularly CCS, will help position the United St...

California tribe installs renewable energy microgrid

04/24/2015

The Bear River Band’s new microgrid combines wind energy, solar energy, and energy storage 

U.S. Department of Justice completes review of PPL-Riverstone transaction

04/24/2015 Previously, the Federal Energy Regulatory Commission, Pennsylvania Public Utility Commission and Nuclear Regulatory Commis...

ON DEMAND WEBCASTS

Beyond Integration: Three Dynamics Reshaping Renewables and the Grid

In a unique industry research initiative, DNV GL gathered views from over 1,600 energy sector par...

Engaging the Small and Mid-sized Business (SMB) Marketplace

This session will outline how Duke Energy leveraged Voice of Customer insights, previous experien...

When Grid Optimization is Not Enough: Making Cents of Disruptive Change.

Electric utilities today face unprecedented volatility and business challenges. To stay competiti...

Avoiding the Pitfalls of Premium Power

Premium power is an increasingly valuable tool for utilities and municipalities, who can charge m...

The Integrated Operating Model Creating an Advanced Outage Management Environment to Control the Grid

Amy Hime, Senior Manager of Engineering and Asset Systems at Enersource, will discuss the journey...

INDUSTRY STOCKS

EL&P BUYER'S GUIDE PRODUCTS

MITEM Corp

Provides CRM solutions for regulated U.S. public utilities. The product, MitemView integrates differently designed systems to share critical data a...

Resources on Demand

Manages resource requests, tracks personnel movements, and supports lodging/logistics during a power restoration event.

Smart Grids

Quanta is contributing to its customers' smart grid initiatives by installing technology on power networks to provide energy management solutions f...

Horizontal Directional Drilling

With 28 small, mid-sized and large drilling rigs, Quanta Pipeline Services is one of the largest horizontal directional contractors in the world fo...

POWERGRID PRODUCT LISTINGS

EtherMate® Industrial Ethernet - IO Modules

LioN-M ProfiNet device with 16 digital I/O channels, channels can be used universally as inputs or outputs, M12 socket, ro...

Low-Smoke Zero Halogen Premise Distribution Cable

AFL’s Low-Smoke Zero Halogen (LSZH) distribution cable offers all of the benefits of a traditional 900 µm based optical ca...

OFL280 FlexTester - Handheld OTDR

AFL's OFL280 FlexTester offers an unmatched combination of fiber test functions, ease-of-use, portability, and value.

TRM® 2.0 - Test Results Manager PC Analysis and Reporting

Test Results Manager 2.0 (TRM® 2.0) is an all-in-one analysis, viewer and reporting tool designed for use with NOYES fiber...

FEATURED ENERGY JOBS

View more Job Listings >>

POWERGRID International

March 2015
Volume 20, Issue 3
1503PG-cover

ELECTRIC LIGHT & POWER

January 2015
Volume 93, Issue 1
1501elp-cover