EDF Renewable Energy and UBS International Infrastructure Fund have announced that they have signed a definitive agreement under which UBS International Infrastructure Fund will acquire a 50 per cent equity interest from EDF Renewable Energy in the 161MW Spinning Spur II wind farm project, subject to completion of construction and customary conditions precedent.
Spinning Spur II, located in Oldham County Texas, commenced construction in June 2013 with an expected COD (Commercial Operation Date) on or about July 1, 2014. Spinning Spur II will utilize 87 GE wind turbines with a rated capacity of 1.85MW each. The project will be one of the first to take advantage of the new CREZ (Competitive Renewable Energy Zones) transmission lines connecting the wind generating capacity of the Texas Panhandle to high electricity demand areas in the state. Spinning Spur II will be UBS International Infrastructure Fund's sixth investment and its second renewables acquisition.
