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Enel S.p.A. disseminates regulated information to the public by using SDIR - NIS, managed by BIT Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6.

Renewables, Wind power04/08/2013

  • ENEL GREEN POWER NORTH AMERICA FINALIZES EQUITY PARTNERSHIP AGREEMENT WITH GE CAPITAL SUBSIDIARY EFS BUFFALO DUNES

    The agreement relates to the development of the 250 MW “Buffalo Dunes” wind project, located in Kansas.
    EFS Buffalo Dunes, a subsidiary of GE Capital, will invest approx. 40 million US dollars for the acquisition of a 51% stake in the project from EGP-NA and fund construction, whereas the latter will retain a 49% stake.
    EGP-NA has an option to further increase its stake by 26% of the Buffalo Dunes equity on specific dates in 2013 and 2014.
    Total equity investment required to build the project amounts to an approx. 370 million US dollars, of which EGP-NA will contribute an approx. 180 million US dollars.

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