Energy company acquires Salt Fork Wind farm
SAN DIEGO, California (June 23, 2015): EDF Renewable Energy(EDF RE) today announced the acquisition of the up to 200 megawatt (MW) Salt Fork Wind Project from Cielo Wind Power LP (Cielo). Today’s achievement comes as a resultof 18 months of close collaboration between the two companies to bring about the close of the acquisition transaction and the Power Purchase Agreement (PPA) with Garland Power&Light (GP&L).
Salt Fork is located in theTexas Panhandle on approximately 16,700 acres in Donley and Gray Counties, Texas, roughly 45 miles east of Amarillo. The project is expected to achieve commercial operation by the end of 2016, utilizing ERCOT’s (Electricity Reliability Council of Texas) CREZ (Competitive Renewable Energy Zone) transmission infrastructure.
The clean electricity and renewable energy credits (RECs) generated by 150 MW of theSalt Fork Wind Project will be provided to Garland Power & Light under a long-term Power Purchase Agreement. This agreement follows the PPA the municipal utility signed in early 2014 for a portion of the electricity generated by EDF RE’s Spinning Spur 3 Wind Project.
“We are pleased to expand our relationship with Garland Power & Light to include the Salt Fork Wind Project, building upon the Spinning Spur 3 Wind Project, which is presently under construction and expected to be completed later this year,” commented Ryan Pfaff, Executive Vice President at EDF Renewable Energy.” The diligent collaboration between Cielo and EDF Renewable Energy demonstrates the value of long-term relationships; Salt Fork represents the third wind project we have successfully acquired from Cielo in late-stage development.”
“Our investment in wind helps to diversify GP&L’s energy portfolio while mitigating risk of volatile fuel prices. With this agreement, we will add another clean resource to the power supply mix that will benefit our customers for years to come,” said Jeff Janke, General Manager of Garland Power & Light.” We are pleased to once again do business with EDF Renewable Energy.”
Since first entering the Texas market in late 2011, EDF Renewable Energy has commissioned 872 MW of wind energy capacity. The Salt Fork acquisition increases the Texas portfolio to 1.2 GW operating, under construction or in development.
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About EDF RenewableEnergy:
EDF Renewable Energy is a leading U.S. independent power producer with more than 25 years of expertise in the renewable industry, covering all range of services from project development, management to operations and maintenance. EDF Renewable Energy specializes in wind and solar photovoltaic with presence in other segments of the renewable energymarket: biogas, biomass, hydro, marine energy and storage solutions. The company develops, constructs, operates and manages renewable energy projects throughout the United States for its own accord as well as for third parties. EDF Renewable Energy’s North American portfolio consists of 5.6 gigawatts of developed projects with 3.1 gigawatts of installed capacity throughout US, Canada, and Mexico. EDF Renewable Energy is a subsidiary of EDF Energies Nouvelles. EDF Energies Nouvelles isthe renewable energy arm of the EDF group, the leading electricity company in the world. For more information visit: www.edf-re.com
About Cielo Wind Services, Inc.:
Cielo Wind Services, Inc. (Cielo), a Texas corporation which is wholly owned by Cielo Wind Power, LP. Cielo Wind Power, LP i sa private closely-held company based in Austin, Texas, whose sole business is the development and operation of wind power facilities. Cielo is the largest independently-owned wind company in the U.S. Cielo has developed 1,751 MW of projects in New Mexico and Texas over the past 11 years. “Wind Ranch®” is a registered trademark of Cielo Wind Power, LLC. For more information, visit us at cielowind.com or contact Mariana Hernandez at firstname.lastname@example.org or (512) 440-0305.
About Garland Power & Light:
Since 1923, the City of Garland has been providing electric service to its citizens through Garland Power & Light(GP&L), its locally owned and controlled not-for-profit municipal utility. With more than 69,000 customers, GP&L is the fourth largest municipal utility in Texas and the 41st largest in the nation. GP&L is recognized nationally as a Reliable Public Power Provider (RP3®) and as a Tree Line USA Utility.