EDF Renewables North America has signed a build-transfer deal with a utility company for a 247.4 MW wind project in New Mexico.

The developer will begin construction on the Oso Grande wind project in Chaves, Lea and Eddy counties this year with a view to bringing it online and transferring it to Tucson Electric Power in 2020.

TEP selected the $370 million project through a competitive bid process.

The utility also expects to begin taking delivery of renewable energy in 2020 under two previously signed power purchase agreements.

NextEra Energy Resources is the holder of the two PPAs, which relate to its 99 MW Borderlands wind project in Catron County and its 130 MW Wilmot Energy Center, which comprises 100 MW of solar and 30 MW of battery storage.

TEP announced the 20-year PPA for the Wilmot project in 2017, saying at the time that it was priced under $0.03/kWh and that the facility would be online by the end of 2019.

The content you are trying to view is restricted for Power Finance & Risk subscribers.

To continue reading, please log in using the login box in the upper right corner of this page, subscribe or take a free trial.

Subscribe

Set up your account today for full access to Power Finance & Risk.

Join our readership!

Subscribe

Free Trial

Want unlimited access, but don't feel quite ready to subscribe?

Start your free trial today!

Free Trial