Enel Sells Stakes in US Wind Farms

Enel signed an agreement with investment fund Gulf Pacific Power for the sale to the latter of an 80% stake in the 200 MW Caney River wind farm and 150 MW Rocky Ridge wind farm for a total consideration of about 233 million US dollars / Closing of the transaction is expected by end-2017

Enel S.p.A., through its US renewables company Enel Green Power North America, Inc., has signed a cash equity agreement with investment fund Gulf Pacific Power, LLC, whereby the Group will sell to the fund 80% of the “Class A” shares in EGPNA’s subsidiary Rocky Caney Wind, LLC, the owner of the 200 MW Caney River wind farm in Kansas and 150 MW Rocky Ridge wind farm in Oklahoma. The total consideration for this transaction is approximately 233 million US dollars, which will be... ... More: Official Press Release Enel

Keywords:

Enel, USA, wind farm, management, operations