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EDF completes sale of tax equity stake in 2 renewable projects to Allianz

EDF Renewables Inc. closed the sale of upstream ownership interest in two renewable projects to a subsidiary of Allianz SE.

Under the deal, Allianz acquired all class A non-managing membership interests in the 212-MW Glacier's Edge Wind Project in Cherokee County, Iowa, and the 100-MW Valentine Solar Project in Kern County, Calif., in two stages as the projects reached certain stages of development.

EDF would retain the class B managing interests in the projects.

EDF Renewables is a subsidiary of Electricité de France SA. (FERC docket EC 19-108)