Monday, November 23, 2015

EDF Renewable Energy Sells Stake In Wind Project To BlackRock

San Diego-based renewable power developer EDF Renewable Energy said Friday that it has sold a 50 percent interest in its 194MW, Spinning Spur 3 Wind Project, to a fund managed by BlackRock. Financial size of the deal was not disclosed. The two said that the sale went to a fund managed by BlackRock's Infrastructure Investment Group, and is the third of five agreements between the two involving EDF Renewable Energy's wind projects. The project is located in Texas. EDF Renewable Services is providing plant operations and maintenance for the facility. Photo: Spinning Spur 3 Wind Project, via EDF Renewable Energy<.i>