Under the terms of the contract, GE will supply its 1.85MW model wind turbine generators for US wind projects, which begin construction in 2013.
The contract will see first turbines being installed at EDF Renewable Energy’s recently-acquired 200MW Phase 1 of the 500MW Hereford wind project. Phase 1 will spread across about 15,000 acres in Deaf Smith County southeast of the town of Hereford.
In July 2013, EDF Renewable Energy signed a membership interest purchase agreement with Lincoln Renewable Energy to acquire the first phase of the project, which is being built in Deaf Smith and Castro counties, Texas. The agreement also has an option of acquisition of the entire project by EDF Renewable Energy.
Construction on the first phase is expected to start in 2013 to qualify for the federal production tax credits and will be completed by 2014.
EDF Renewable Energy executive vice president Ryan Pfaff said that the company has signed the turbine supply agreement and secured a long-term hedge that are key elements of its near-term US wind business plan.
"The deal can largely be credited to our long-term relationships with both GE and our hedge provider, and the confidence amongst the parties that each will deliver on its respective commitments," Pfaff added.
