The deals is subject “customary conditions precedent”, a statement said. Kansas City Power & Light is buying the output under a 20-year contract. EDF aims to reach 2GW of installed capacity in the country within five years. This is the third purchase Axium is making in partnership with EDF EN North America. “With this transaction, we continue to build our USA wind portfolio, increasing diversification across wind resource regions, power markets and turbine technologies”.
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EDF will remain involved in the project as a 50% co-owner and will provide management services.
Electricite de France SA, the French power company, took control of UPC Asia Wind Management Ltd.to enter China’s wind energy industry and tap the expansion of the world’s largest market for renewable power.
EDF has developed a diversified generation mix based on nuclear power, hydro, new renewable energies and thermal energy.
The move, which adds more than 1.3 gigawatts of wind power in operation, construction or development to EDF’s portfolio, is part of the group’s strategy to nearly double its renewable energy production capacity to 50 gigawatts by 2030.
EDF Renewable Energy is a leading USA independent power producer with more than 25 years of expertise in the renewable industry, covering all range of services from project origination, development, sales and marketing, to long-term asset management.
The company said China was a priority market for EDF with strong growth expected in the renewables sector in the coming years as the government plans to reach 200 gigawatts in installed wind energy capacity by 2020.
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EDF, which operates more than 10 gigawatts of wind power worldwide, will bring its expertise to the small Chinese developer, while the French company will improve its own knowledge of Chinese wind turbine makers, Cahuzac said. For more information visit: www.edf-re.com. The firm benefits from the capabilities of a group of specialists with decades of experience acquiring, developing, financing, operating and managing infrastructure assets.
