27 Jul '13, 11am

#sandiego EDF Renewable Energy Enters into Definitive Agreement to Acquire ...: San Diego, Californ... #greenjobs

EDF Renewable Energy today announced it has entered into a Membership Interest Purchase Agreement with Lincoln Renewable Energy to acquire the first phase of the up to 500 megawatt (MW) Hereford Wind Project in Texas, subject to certain conditions precedent, with an option to acquire the second phase of the project. Construction is expected to commence on the 200 MW first phase later this year in order to qualify it for the Production Tax Credit (PTC). The project, encompassing approximately 15,000 acres in Deaf Smith County southeast of the town of Hereford, will take advantage of the CREZ (Competitive Renewable Energy Zone) transmission lines connecting the wind generating capacity of the Texas Panhandle to high electricity demand areas in the state. EDF Renewable Energy is in advanced negotiations to secure a long-term, fixed-price hedge agreement for the expected energ...

Full article: http://greenjobs.com/news/2013/industry-news/edf-renewabl...

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