UBS Buys 50 Percent Stake in Texas Wind Farm From EDF Renewables

UBS AG (UBSN)’s International Infrastructure Fund purchased a 50 percent stake in a 161-megawatt Texas wind farm owned by a unit of French utility Electricite de France SA.

Construction began in June on Spinning Spur II, adjacent to EDF’s Spinning Spur I, and it’s expected to be operational by mid-2014, the companies said in a joint statement today. Terms of the sale weren’t disclosed.

The wind farm, about 30 miles (48 kilometers) west of Amarillo, will use 87 1.85-megawatt General Electric Co. wind turbines.

EDF, based in Paris, said in April it had a 10-year contract to sell power from the project without naming the buyer.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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