Bloomberg News

EDF Sells 50% Interest in Minnesota Wind Farm to Marubeni

October 24, 2012

EDF Renewable Energy, a U.S. unit of French utility Electricite de France SA, said Japanese trading company Marubeni Corp. (8002) bought a 50 percent interest in its Lakefield wind farm in the Midwest U.S.

The 205.5-megawatt facility in Jackson County, Minnesota, began producing electricity in 2011, and Indianapolis Power & Light Co. buys its output under a 20-year power purchase agreement, EDF Renewable Energy said today in a statement. Terms of the investment weren’t disclosed.

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


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus