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BlackRock Buying 50% Stakes in Three EDF Wind Projects in Texas

BlackRock Inc., the world’s largest money manager, is buying 50 percent stakes in three wind projects developed by Electricite de France SA in Texas.

BlackRock closed its acquisition of half of the 200-megawatt Hereford project in Deaf Smith County and agreed to buy the stakes in the 200-megawatt Longhorn and 194-megawatt Spinning Spur 3 wind farms after they’re completed later this year, the New York-based firm said Thursday in an e-mailed statement. BlackRock declined to disclose financial terms. The projects are being developed by San Diego-based EDF Renewable Energy, a unit of the French utility.