EDF Renewables has signed a PSA by which PGGM Infrastructure Fund will acquire a 50 percent ownership interest in U.S. wind and solar projects.
Total capacity of the portfolio of projects is 588 megawatts. Completion of the transaction is subject to regulatory approval and customary conditions precedent.
EDF Renewables will remain involved in the projects as a co-owner, providing management services and provider of operations and maintenance services.
“This portfolio of wind and solar projects provides an attractive investment opportunity in the U.S. renewable energy sector, well suited for a large pension fund,” says Raphael Declercq, executive vice president of strategy for EDF Renewables.
| PROJECT |
CAPACITY |
LOCATION |
TECHNOLOGY |
| Red Pine Wind |
200 MW |
Lincoln County, Minnesota |
Vestas |
| Rock Falls Wind |
154 MW |
Grant & Kay Counties, Oklahoma |
Siemens |
| Switch Station 1 & 2 Solar |
234 MW |
Clark County, Nevada |
First Solar |
EDF Renewables is a renewable energy developer in North America with 10 gigawatts of wind, solar, storage, biomass and biogas projects developed throughout the United States, Canada and Mexico.
