EDF Renewable Energy, formerly enXco, announced that the 102.5 MW Shiloh IV Wind Project, located in Solano County, California, became operational on December 21, 2012. The company further announced the close of financing for the project via a sale-leaseback transaction with Union Bank of California Leasing, Inc., a subsidiary of Union Bank.
The project, developed and owned by EDF Renewable Energy, will deliver carbon-free electricity into the CAISO transmission system for the benefit of Pacific Gas and Electric Co. (PG&E) under a 25-year power purchase agreement.
Consisting of 50 REpower MM92 wind turbines, Shiloh IV generates clean electricity sufficient to supply about 40,000 average homes. The project is a repowering project, replacing older wind technology from the 1980s with modern technology that allows a tenfold increase in electricity from 22 percent fewer wind turbines.
EDF Renewable Services, formerly enXco Service Corp., will provide operations and maintenance services.
EDF Renewable Energy has successfully closed more than $5 billion in financing facilities over the last 10 years and an unprecedented $1.6 billion in 2012 alone.