EDF Renewable Energy announces partnership with Marubeni Corporation

EDF Renewable Energy and Marubeni Corporation announced today the signing of an agreement under which a subsidiary of Marubeni will acquire a 50 percent economic interest in the 205.5 MW Lakefield Wind Project.
EDF Renewable Energy announces partnership with Marubeni Corporation

The Lakefield Wind Project, located in Jackson County Minnesota, is fully operational and supplies carbon-free electricity into the MISO transmission system under a 20-year power purchase agreement with Indianapolis Power & Light. Lakefield commenced operation in 2011 and consists of 137 General Electric 1.5 megawatt wind turbines with the capacity to generate 205.5 megawatts of renewable energy for more than 68,000 homes.

EDF Renewable Services, formerly enXco Service Corporation, will continue to provide operations and maintenance services. Marubeni will participate in asset management roles working with EDF Renewable Energy in the administration of the project.

“As an integrated operator we take a balanced approach to our project portfolio and this agreement provides an opportunity to further our ambition as a world-class renewable project developer” said Tristan Grimbert, President and CEO.

EDF Renewable Energy specializes in wind and solar photovoltaic with presence in other segments of the renewable energy market: biogas, biomass, hydro, marine energy and storage solutions. The company develops, constructs, operates and manages renewable energy projects throughout the United States for its own accord as well as for third parties. The company’s current portfolio consists of over 4.5 gigawatts of developed projects with 1.5 gigawatts of installed capacity.

Further information:

EDF Renewable Energy

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