EDF Renewables and PGGM Sign Agreements on Wind and Solar Projects in the United States

EDF Renewables will remain involved in the projects as a co-owner providing management services and provider of operations and maintenance services.

SAN DIEGO (June 20, 2018) - EDF Renewables announced today the signing of Purchase and Sale Agreements (PSA) by which PGGM Infrastructure Fund will acquire a 50% ownership interest in the following projects: Red Pine Wind, Rock Falls Wind, Switch Station 1 Solar and Switch Station 2 Solar. Total capacity of the portfolio of projects is 588 megawatts (MW). Completion of the transaction is subject to regulatory approval and customary conditions precedent.


EDF Renewables will remain involved in the projects as a co-owner providing management services and provider of operations and maintenance services.

Raphael Declercq, executive vice president of strategy for EDF Renewables commented, "This portfolio of wind and solar projects provides an attractive investment opportunity in the US renewable energy sector, well suited for a large pension fund. We are pleased to forge a new business relationship with PGGM and expect to follow with another transaction. We are confident that our expertise as a developer and operator complements PGGMs renewable energy investment strategy."

Erik van de Brake, head of infrastructure at PGGM commented, "This transaction enables PGGM to work closely with EDF Renewables, known for its great expertise in developing and operating renewable energy projects. The addition of this portfolio to our investments in renewable energy is part of PGGMs push to build up a EUR 20 bn. impact investment portfolio across all asset classes for our client PFZW, the Dutch pension fund for the healthcare sector. With the impact investment portfolio PFZW aims to make a positive impact on climate, water scarcity, food security and healthcare.

EDF Renewables is one of the largest renewable energy developers in North America with 10 gigawatts of wind, solar, storage, biomass and biogas projects developed throughout the U.S., Canada, and Mexico.

Featured Product

Rolls Battery - Maintenance-Free AGM & GEL Batteries

Rolls Battery - Maintenance-Free AGM & GEL Batteries

With a full range of capacity options (85AH-3300AH) and voltage configurations to choose from, Rolls Battery maintenance-free 2V, 6V & 12V AGM and broad range of 2V GEL models offer a valve regulated lead acid (VRLA) battery option with the same dependable energy storage and heavy-duty construction customers have grown to expect from the Rolls brand for over sixty years. Installed in off-grid, grid-tied or backup float applications, these sealed batteries require minimal ongoing maintenance and provide a versatile energy storage solution for remote or confined installations. Rolls Battery AGM and GEL battery lines deliver superior cycle life and are backed by an industry-leading warranty.