EDF Renewable Energy has signed an agreement with Renewable Energy Systems Americas (RES Americas) to acquire the 200 megawatt (MW) Longhorn Wind Project in Texas.
Construction is expected to commence later this year in order to qualify the project for the Production Tax Credit (PTC).
The project encompasses approximately 14,000 acres in Floyd and Briscoe Counties, 60 miles northeast of Lubbock, Texas.
Longhorn represents EDF Renewable Energy’s third wind project acquisition in the Texas Panhandle this year, and brings its near-term capacity under either late-stage development or construction in the area to 561 MW.
The project will take advantage of the Competitive Renewable Energy Zone (CREZ) transmission lines connecting the wind generating capacity of the Texas Panhandle to high electricity demand areas in the state.
Tom Hiester, senior vice president of Development with RES Americas, said, “Longhorn is another example of significant investment occurring because of the Production Tax Credit for wind energy, and it speaks to the criticality of maintaining this important tax incentive.”
EDF Renewable Energy has also secured a long-term, fixed-price hedge agreement for the expected energy production of the project. RES Americas will construct the project under a balance-of-plant construction contract.