Eolus has signed an agreement with Cubico Sustainable Investments to sell its Wind Wall 1 wind farm in California, US.
The 46.5MW wind farm in Tehachapi is the first wind project developed, financed, and constructed in the US by Eolus, which will transfer the project company to Cubico at closing.
The wind farm is supported by a 15-year power purchase agreement with construction financing arranged by Eolus.
Construction is underway with commissioning slated for Autumn 2020.
Wind Wall 1 will consist of 13 Vestas V126 turbines.
Eolus will provide technical, operational, and administrative services for the wind farm as part of the deal with Cubico.
Eolus chief executive Per Witalisson said: “I am pleased with the trust that Cubico puts in Eolus, to deliver a high-quality asset and to manage Wind Wall 1 under long term commitments once built.
“We are proud to establish a new relationship with Cubico and hope to expand on this relationship in the future.”