EDP Renewables North America LLC sought Federal Energy Regulatory Commission authorization to transfer 100% of its membership interests in the 102-MW Rosewater wind farm in Indiana to a new joint venture.
Under the transaction, the EDP - Energias de Portugal SA subsidiary will transfer all of the membership interest to a newly formed joint venture that will be owned by EDP Renewables and NiSource Inc. subsidiary Northern Indiana Public Service Co., or NIPSCO. A tax equity investor still to be determined will own a passive interest in the facility. NIPSCO will manage the new joint venture, according to an Oct. 11 FERC filing.
The power plant, in White County, Ind., will sell its output to NIPSCO once it becomes operational in 2020, according to S&P Global Market Intelligence data.
The applicants asked the commission to approve the transaction by Dec. 10. (FERC docket EC20-8)