Sale and leaseback deal for Pa. wind farm OK'd by FERC

07/17/2013 | SNL Financial (free content)

EDF Renewable Energy secured approval from the Federal Energy Regulatory Commission to finalize the sale of the Chestnut Flats wind farm in Pennsylvania to Metropolitan Life Insurance. Upon completion of the transaction, EDF will lease back the wind farm and manage its day-to-day operations. The 38-megawatt facility has a 20-year deal to supply electricity to Delmarva Power & Light.

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