The transaction is the third of five signed deals to be closed between BlackRock Infrastructure, a fund managed by BlackRock’s Infrastructure Investment Group, and EDF Renewable Energy.
Spinning Spur 3 Wind Project is located in Oldham County, 50 miles west of Amarillo, Texas.
The construction work on the project commenced in October 2014 and its commercial operation was announced in September 2015.
EDF RE has 50% stake in Spinning Spur 3 Wind project which features of the 97 Vestas V-100 2 MW wind turbines.
EDF Renewable Services will provide operations and maintenance services for the facility.
It will also provide a continuous remote monitoring from its NERC compliant Operations Control Center (OCC).
Under long-term Power Purchase Agreements, the electricity produced from the plant is supplied to two municipal utilities, Georgetown Utility Systems and Garland Power & Light.
BlackRock is one of the largest renewable power investment platforms in the world with over $1.5 billion of equity assets under management.
With the completion of the Longhorn deal, BlackRock Infrastructure has completed 32nd transaction in renewable sector.
Its renewable portfolio has increased to around 1,300 MW, which includes wind and solar projects located across the US, Canada, Ireland, Sweden, France and the UK.
EDF Renewable Energy is one of the largest renewable energy developers in North America with 6GW of wind, solar, biomass, and biogas projects developed throughout the U.S., Canada, and Mexico.
Image: 194 MW Spinning Spur 3 Wind Project. Photo: courtesy of Business Wire.
