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EDF Renewable Energy and Marubeni Corporation have announced that a subsidiary of Marubeni acquired a 90 per cent economic interest in the 102.5MW Shiloh IV Wind Project.
The Shiloh IV Wind Project, located in Solano County California and consisting of 50 REpower MM92 turbines, commenced operations in December 2012 and supplies electricity into the CAISO transmission system under a 25-year power purchase agreement with Pacific Gas and Electric. EDF Renewable Energy will retain a 10 per cent stake in the project. Its affiliate EDF Renewable Services 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. Financial terms weren’t disclosed.
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