UAE energy firm to buy 50% stake in Minn. wind farm

01/9/2013 | Reuters

The United Arab Emirates' Abu Dhabi National Energy Company, or TAQA, has signed a deal to acquire a 50% stake in the 205.5-megawatt Lakefield wind farm in Jackson County, Minn., from a unit of EDF. The transaction marks the first time that TAQA has bought an interest in a U.S. wind farm. The companies expect to wrap up the deal in the first quarter of 2013.

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