EDF Renewable Energy Receives Approximately $200M Equity Investment from Google

Published On January 10, 2013 |

EDF Renewable Energy (formerly enXco), an renewable energy developer, has received an approximately $200m equity investment from Google, Inc. (NASDAQ: GOOG).

The resource will be used for the Spinning Spur Wind Project, a 161 megawatt facility located in Oldham County, Texas, whose construction commenced in February and achieved commercial operation in late December. The project consists of 70 Siemens 2.3 MW turbines. The facility has the capacity to generate enough clean energy to power approximately 60,000 average U.S. homes. The energy it produces has been contracted to SPS, a utility that primarily serves Texas and New Mexico.

Following the investment, EDF Renewable Energy, a subsidiary of EDF Energies Nouvelles, will remain an owner and manager in the project.

FinSMEs

10/01/2013

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