EDF Renewable Energy Signs Agreement with Otter Tail Power Company
November 17 2016 - 9:36AM
Business Wire
Otter Tail Power Company to Purchase 150 MW
North Dakota Wind Project upon Completion
EDF Renewable Energy and Otter Tail Power Company
today announced the signing of an Asset Purchase Agreement by which
EDF RE will construct the 150 megawatt (MW) Merricourt Wind
Project. Upon completion, the wind project will be turned over to
Otter Tail Power Company. The transaction closing is subject to
conditions precedent.
Merricourt Wind Project, located on approximately 13,700 acres
south of Edgeley, North Dakota, in McIntosh and Dickey Counties,
will consist of 75 Vestas V110-2.0MW wind turbines. The wind
turbines are expected to be manufactured in Vestas’ Colorado-based
facilities. The Project further will create 150+ construction jobs
and 10 long-term, full-time positions as well as inject millions of
dollars in economic benefits to the local area. Upon commercial
operation in 2019, renewable energy will be provided to
approximately 65,000 homes in the Otter Tail Power Company service
territory.
“We are excited to be partnering with Otter Tail Power Company
to deliver competitively priced, clean energy to OTPC’s customers
through the Merricourt Wind Project,” said Ryan Pfaff, Executive
Vice President at EDF Renewable Energy. “The Project will also
provide an economic boost to the North Dakota economy, through new
construction and operations jobs, expanded tax base, and recurring,
long-term income for participating landowners.”
Today wind energy supplies approximately 19 percent of the Otter
Tail Power Company’s electricity generation. With this addition,
customers will receive nearly 28 percent of their energy from wind.
Otter Tail Power Company President Tim Rogelstad said, “Our North
Dakota service area has some of the best wind resources in the
country to produce low-cost energy. And, because of advances in
technology, this wind farm will have a high energy output—even by
North Dakota standards.”
About EDF Renewable Energy:
EDF Renewable Energy is a leading US 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.
EDF Renewable Energy specializes in wind and solar
photovoltaic with presence in other segments of the renewable
energy market: storage, biogas, biomass, hydro, and marine energy.
EDF Renewable Energy’s North American portfolio consists of 8
gigawatts of developed projects with 4 gigawatts of installed
capacity throughout the US, Canada, and Mexico. The operations and
maintenance subsidiary, EDF Renewable Services, operates over 10 GW
throughout North America. EDF Renewable Energy is a subsidiary
of EDF Energies Nouvelles. EDF Energies Nouvelles is the
renewable energy arm of the EDF group, the leading electricity
company in the world. For more information visit:
www.edf-re.com.
About Otter Tail Power Company:
Otter Tail Power Company, a subsidiary of Otter Tail Corporation
(NASDAQ Global Select Market: OTTR), is headquartered in Fergus
Falls, Minnesota. It provides electricity and energy services to
more than a quarter million people in Minnesota, North Dakota, and
South Dakota. To learn more about Otter Tail Power Company visit
otpco.com. To learn more about Otter Tail Corporation visit
ottertail.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20161117005797/en/
EDF Renewable EnergySandi Briner+1 858 521
3525Sandi.Briner@edf-re.com
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