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Abu Dhabi National Energy Co PJSC to Buy 50% Interest in Lakefield wind project from Electricite de France SA


Wednesday, 9 Jan 2013 07:00pm EST 

Abu Dhabi National Energy Co PJSC announced that it has agreed to buy a 50% interest in the 205.5 megawatt (MW) Lakefield wind project located in the Midwestern United States from a subsidiary of France-based utility Electricite de France SA (EDF). The fully operational Lakefield wind project, located in Jackson County, Minnesota, consists of 137 General Electric 1.5 MW wind turbines with the capacity to generate 205.5 MW of emissions-free electricity for more than 68,000 homes. The electricity is sold to Indianapolis Power & Light Company, a subsidiary of the AES Corporation, under a 20-year power purchase agreement. The Lakefield wind project has been supplying the regional transmission system covering the Midwestern United States and Manitoba, Canada since 2011. Under the terms of the agreement, EDF will continue to provide operation, maintenance and related services. Subject to fulfillment of conditions precedent, including customary regulatory and third party approvals, the acquisition of the Lakefield wind project is expected to close in the first quarter of 2013. 

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