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EDP Renewables closes sale of tax equity in 2 Illinois wind projects

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EDP Renewables closes sale of tax equity in 2 Illinois wind projects

EDP Renewables North America LLC closed the sale of 100% of the class B nonmanaging membership interests in two Illinois wind projects to BAL Investment & Advisory Inc.

The power plants in the tax equity deal are the under-development, 200-MW Broadlands Wind project in Douglas County and the 205-MW Lexington Chenoa project in McLean County. The deal was completed Dec. 31, 2019, according to a Federal Energy Regulatory Commission filing.

EDP Renewables is a subsidiary of EDP Renováveis SA, which is majority-owned by EDP-Energias de Portugal, S.A.. BAL Investment & Advisory is a subsidiary of Bank of America Corp. (FERC docket EC19-92)