FERC OKs sale-and-leaseback plan for Calif. wind project

12/12/2012 | SNL Financial (free content)

EDF Renewable Energy has received authorization from the Federal Energy Regulatory Commission to proceed with its sale-and-leaseback transaction with a unit of UnionBanCal for the Shiloh IV wind project in California. Under the deal, full ownership interest in the wind project will be put into a trust for the benefit of UnionBanCal. EDF Renewable Energy will lease the facility and operate it.

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