Marubeni acquires interest in a wind power generation facility in the United States owned by EDF Renewable Energy
Marubeni Corporation
Oct.25, 2012
Marubeni Corporation (“Marubeni”) is pleased to announce that it has completed a transaction to acquire an economic interest in a wind power generation project owned by EDF Renewable Energy, a renewable energy company in the North American market owned by the French utility, Electricité de France (“EDF”)
Lakefield Project Overview
| Project Name |
: Lakefield Wind Project (“Lakefield Project”) |
Business
Description |
: Economic interest in a wind power generation
business under the 20 year power purchase
agreement with Indianapolis Power & Light(“IPL”) |
| Location |
: Jackson County, Minnesota, United States |
| Ownership |
: Marubeni 50%, EDF Renewable Energy 50% |
| Capacity |
: 205.5MW |
Commercial
Operation Date |
: October 2011 |
Marubeni promotes various renewable energy business backed by the increase of global need for low-carbon power sources. In the wind power generation field, Marubeni is involved in a wide range of business such as project development, experimental study activity, investment in onshore/offshore wind power generation projects and transmission and distribution business, etc in domestic and overseas market. Lakefield Project will be Marubeni’s second wind power project investment in the North American market, next to the Raleigh Wind Energy Centre Project in Ontario, Canada where Marubeni joined in 2010.
EDF Renewable Energy is one of the largest renewable energy players in the U.S. market and owns more than 1,400 MW of renewable power generation assets and more than 6,000MW of O&M service contracts through its affiliate company, EDF Renewable Services. EDF is a global leader in the utility industry and Marubeni will leverage this transaction and pursue its business opportunities with both in North America and other regions.
Upon completion of this transaction, Marubeni’s total generation capacity, worldwide, will be 30,091MW (gross) and 8,938MW (net).
<Location (Map) >
<Photograph at site>
Photo: Courtesy of Dennis Schwartz and EDF Renewable Energy
Overview of EDF Renewable Energy
|
Company name:
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EDF Renewable Energy, Inc.
|
|
Headquarters:
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San Diego, California, United States
|
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President & CEO:
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Tristan Grimbert
|
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Founded:
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1987
|
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Web Site:
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http://www.edf-re.com/
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Overview of EDF
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Company name:
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Electricité de France
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Headquarters:
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Paris, France
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Chairman & CEO:
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Henri Proglio
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Founded:
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1946
|
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Web Site:
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http://www.edf.com/
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