UBS to acquire 50 percent of 161 MW Spinning Spur II project in Texas


EDF Renewable Energy and UBS International Infrastructure Fund announced in December that they have signed a definitive agreement under which UBS International Infrastructure Fund will acquire a 50 percent equity interest from EDF Renewable Energy in the 161 MW Spinning Spur II wind farm project, subject to completion of construction and customary conditions precedent.

Spinning Spur II, located in Oldham County Texas, commenced construction in June 2013, with an expected COD (Commercial Operation Date) on or about July 1, 2014. The project will be one of the first to take advantage of the new CREZ (transmission lines connecting the wind generating capacity of the Texas Panhandle to high electricity demand areas in the state.