The Federal Energy Regulatory Commission approved EDP Renewables North America LLC's application 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 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., according to a Dec. 20 filing.
A tax equity investor, still to be determined, will own a passive interest in the facility. Northern Indiana Public Service will manage the new joint venture. (FERC docket EC20-8)