San Diego-based EDF Renewable Energy announced recently that the 200-megawatt Hereford Wind Project in Texas reached commercial operation in December. In addition, tax equity financing closed with BNY Mellon and MUFG Union Bank N.A. Financial details were not disclosed.
“The decision to build the Hereford project in mid-2013 was critical to anchor EDF Renewable Energy’s 2014 and 2015 project pipeline,” said Tristan Grimbert, president and CEO of EDF Renewable Energy. “We leveraged the excellent development done by Lincoln Renewable Energy along with our financial and development strength with our first-tier equipment supplier and contractor relationships to successfully build the project on-time.”
The project commenced construction of 54 GE 1.85-megawatt, and 50 Vestas V100 2.0-megawatt wind turbines in November 2013. The project feeds into the Competitive Renewable Energy Zone transmission infrastructure which enables the high electricity demand areas in Texas to access the strong low-cost renewable generation resources of West Texas and the Texas Panhandle. The power is sold into the Electric Reliability Council of Texas power market and covered by a long-term, fixed-price hedge agreement for a portion of the expected energy production.
EDF Renewable Services will provide long-term operations and maintenance for the Hereford facility, balance of plant, project oversight, and 24/7 remote monitoring.
According to EDF Renewable Energy, with Hereford in operation, the group’s installed capacity since entering the Texas market in 2012 reaches 672 MW with another 394 MW in construction.
EDF Renewable Energy is an independent power producer with more than 25 years of experience in the renewable industry, covering all range of services from project development, management to operations and maintenance.