EDF Renewable Energy enters into agreement to acquire Hereford Wind Project

EDF Renewable Energy announced it has entered into a Membership Interest Purchase Agreement with Lincoln Renewable Energy to acquire the first phase of the up to 500 megawatt (MW) Hereford Wind Project in Texas, subject to certain conditions precedent, with an option to acquire the second phase of the project. Construction is expected to commence on the 200 MW first phase later this year in order to qualify it for the Production Tax Credit (PTC).