SAN DIEGO, (Dec. 18, 2013): EDF Renewables announces it has acquired the Longhorn North Wind Project from Renewable Energy Systems Americas Inc. (RES Americas). RES Americas will construct Longhorn, its 18th renewable energy project in Texas, under a Balance of Plant (BOP) agreement. Construction on the 200 megawatt (MW) project will begin in time to qualify it for the Production Tax Credit (PTC) and is expected to be completed at the end of 2015.
The project, located in Floyd and Briscoe counties, 60 miles northeast of Lubbock, Texas, will utilize the CREZ (Competitive Renewable Energy Zone) transmission lines to connect the wind generating capacity of the Texas Panhandle to high electricity demand areas in the state.
“Longhorn North represents our third acquisition in Texas this year bringing EDF Renewables’ expected in-state commissioning over the next 18-months to 561 megawatts. This represents a key component of our growth strategy for 2014 and 2015,” said Ryan Pfaff, Executive Vice President of EDF Renewables. “The strong relationship between EDF Renewables and RES Americas made this transaction possible, and enabled the project to commence construction prior to the December 31, 2013 PTC qualification deadline.”
“In addition to creating jobs and driving economic development in Texas, Longhorn North will provide sustainable, carbon-free power for years to come. We look forward to working with EDF Renewables on this and future projects,” said Andrew Fowler, Chief Operating Officer of RES Americas.
EDF Renewables has also secured a long-term, fixed-price hedge agreement for the expected energy production of the project.