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FERC approves EDP Renewables' joint venture to own Ind. wind farm

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)