EDF Renewables Signs Turbine Supply Agreement with General Electric

SAN DIEGO, (September 12, 2013): EDF Renewables today announced it has executed a Turbine Supply Agreement (TSA) with General Electric (GE) for up to 200 megawatts of wind turbine generators. The agreement covers the supply of GE 1.85 MW models for U.S. wind projects beginning construction in 2013.

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

“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,” commented Ryan Pfaff, Executive Vice President of EDF Renewables. “The deal can largely be credited to our long-term relationships with both GE and our hedge provider, and the confidence amongst the parties that each will deliver on its respective commitments.”

EDF Renewables’ U.S. portfolio spans 16 states with 4,000 MW of developed projects and an installed capacity of 1,962 MW.

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