AEP Energy Partners has a 20-year power purchase agreement for all of the generation from the site. The proposed acquisition is subject to approval by the Public Utility Commission of Texas (PUCT). The acquisition is expected to close in the second quarter of this year.
Upon completion of the acquisition, South Trent will become the fourth plant in NRG’s onshore wind portfolio. The company owns and operates the 120MW Elbow Creek wind farm near Big Spring, Texas and the 150MW Langford wind farm near San Angelo, Texas. NRG is also owns 50% of the 150MW Sherbino wind farm near Fort Stockton, Texas operated by BP Alternative Energy, North America.
David Crane, president and CEO of NRG Energy, said: ”South Trent is a proven performer and, as a renewable asset with a long term sales agreement with a highly credible offtaker, is indicative of the type of renewable project in which we are looking to invest in our core markets.
”We will continue to look both to develop and acquire contracted land-based and offshore wind projects as well as solar and other sustainable technology-based assets where it makes sense as we expand our clean energy portfolio.”
