ABB_id2059
in News Departments > Projects & Contracts
print the content item

EDF Renewable Energy has executed a turbine supply agreement (TSA) with GE for up to 200 MW of wind turbines. The agreement covers the supply of GE 1.85 MW models for U.S. wind projects beginning construction this year.

The first turbines under the TSA will be deployed at the Hereford Wind Project in the Texas Panhandle. EDF and Lincoln Renewable Energy (LRE), a developer of wind and solar projects, have executed a membership interest purchase agreement, under which EDF will acquire the first phase (200 MW) of the Hereford project, as well as an option agreement for a total of up to 500 MW. Additionally, EDF has successfully secured a long-term hedge on the first phase.

“The execution of the turbine supply agreement, along with the closing of a long-term hedge, are important elements of our near-term U.S. wind business plan,” says Ryan Pfaff, executive vice president of EDF Renewable Energy.

EDF Renewable Energy says its U.S. portfolio spans 16 states with 4 GW of developed projects and an installed capacity of almost 2 GW.



Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.


Utilities Deal "Near-Fatal" Blow To Cape Wind: UPDATED

Despite its remarkable resiliency, could this latest setback mean the end for the controversial offshore wind farm?

Hybrid Energy Innovations 2015