in News Departments > Projects & Contracts
print the content item

A subsidiary of Japan-based Marubeni Corp. has acquired a 90% interest in the 102.5 MW Shiloh IV wind project from EDF Renewable Energy.

The wind farm, located in Solano County, Calif., commenced operations in December 2012 and has a 25-year power purchase agreement with Pacific Gas and Electric. The project features 50 REpower MM92 turbines.

EDF Renewable Energy will retain a 10% stake in the project, and its affiliate EDF Renewable Services will continue to provide operations and maintenance services. Marubeni will participate in asset management roles working with EDF Renewable Energy in the administration of the project.

"EDF Renewable Energy values this partnership with Marubeni and the opportunity to engage in another successful transaction," comments EDF’s Raphael Declercq. "This sale illustrates our ability to recycle capital to fund future development while staying fully involved in the project. This is an important aspect of our business model that allows us to further our ambition as a world-class renewable project developer."



IOWA Economic Development id2073

Trachte_id2056
Latest Top Stories

Slow Turning: What's Stopping Individual Blade Pitch Control From Wider Acceptance?

Advances have made it feasible for wind turbine blades to adjust individually. However, other factors are preventing the technology's widespread use.


Deepwater Hits Financial Close For Block Island Wind Farm, Expects Summer Construction

The Providence, R.I.-based offshore wind developer becomes the first to financially close on a U.S.-based offshore wind project.


More Investors Entering Tax Equity Market; Returns Holding Steady

The entry of new tax equity investors to the wind space last year re-ignited an old debate.


Report: Top 10 Turbine OEMs Had Record Year In 2014

Preliminary findings suggest Vestas reigned supreme again among the world's leading wind turbine makers. How did some of the other OEMs fare?


AWEA's Gramlich To FERC: Additional Transmission Needed Regardless Of Clean Power Plan

To further build a more balanced and reliable electricity portfolio, the U.S. needs to build more transmission capacity.

Hybrid Energy Innovations 2015