EDF Renewable Energy (EDF RE) has closed on the transaction to sell a 50 per cent interest in the 250 megawatt (MW) Roosevelt Wind Project and the 49.65 MW Milo Wind Project to a fund managed by BlackRock Infrastructure.
The closing of this transaction seals the partnership on the final two of five projects for which BlackRock and EDF Renewable Energy have signed agreements for over the past year.
The two wind projects are adjacently located in Roosevelt County, New Mexico. The combined 150 Vestas wind turbines produce enough clean, renewable energy to power approximately 170,000 New Mexico households. Both projects are operational with Roosevelt delivering electricity to Southwestern Public Service Company (SPS), a subsidiary of Xcel Energy; Milo electricity is committed into the Real-Time market in the Southwest Power Pool (SPP) Regional Transmission Organization (RTO).
Raphael Declercq, Vice President Portfolio Strategy at EDF Renewable Energy, says: “In total, EDF RE has committed 50 percent stakes in 894 MW of US wind energy projects to BlackRock since the start of 2015 along with a 40 percent stake in an earlier transaction. Those partial sell-downs are an integral part of our business, and this particular portfolio transaction is a testament to our strong partnership with BlackRock Infrastructure; it illustrates our philosophy of building long-term relationships with leading industry counterparties.”
