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

To contact the editor responsible for this story: Reed Landberg at

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.