Nov. 4 (Bloomberg) -- The U.S. unit of French utility Electricite de France SA agreed to buy a 200-megawatt wind project in the Texas Panhandle, its third such deal this year.
Construction on the Longhorn Wind Project is expected to begin this year about 60 miles (97 kilometers) northeast of Lubbock, according to a statement today from San Diego-based EDF Renewable Energy. Terms of the deal with closely held Renewable Energy Systems Americas Inc. weren’t disclosed.
The Longhorn acquisition brings the company’s “near-term capacity” in the Panhandle to 561 megawatts, Ryan Pfaff, EDF’s executive vice president, said in the statement.
Beginning construction in 2013 will qualify the project for the production tax credit for power produced from clean sources, which was renewed for one year on Jan. 1.
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