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EDF Buys Remaining 49% Stake in 161-Megawatt Texas Wind Project

April 16 (Bloomberg) -- EDF Renewable Energy, a U.S. unit of the French utility Electricite de France SA, bought the 49 percent stake of a Texas wind project that it didn’t already own and expects to start construction in June.

It will use 87 General Electric Co. wind turbines at the 161-megawatt Spinning Spur II project, the San Diego-based unit said today in a statement. EDF purchased the stake from Cielo Wind Power LP.

EDF has a 10-year contract to sell the power and didn’t name the buyer. The wind farm will be adjacent to EDF’s Spinning Spur I in Oldham County, about 30 miles (48 kilometers) west of Amarillo, which began producing power in December.

Sandi Briner, a spokeswoman for EDF Renewable Energy, wouldn’t provide the purchase price or expected construction cost.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

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

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