ENEL GREEN POWER: AGREEMENT WITH EKF TO FINANCE WIND PROJECTS IN ROMANIA

EGP has finalized the agreement with the Danish government’s Export Credit Agency for 112 million euro financing.

Rome, October 21st, 2011 –Enel Green Power, through its subsidiary Enel Green Power International BV (“EGPI”), signed an agreement with the Danish government’s Export Credit Agency (“EKF”) and Citigroup (as agent and arranger), for a 12-year financing of 112 million euros, guaranteed by Enel Green Power, that will be fully paid out by the end of October.

This financing will be used to cover part of the investments required to build and expand Enel Green Power Romania wind power plants (Moldova Noua and Corugea) so as to arrive at a total installed capacity of 118 MW. These investments are expected to total 180 million euros.

The interest rate for the financing will be lower than the benchmark rate, thanks to the guarantee issued by EKF, whose institutional role involves supporting Danish parts manufacturers from which Enel Green Power Romania buys products to build the two wind power plants.

In connection with the financing, the partners also signed a Master Facilities Agreement, setting out the general loan terms and conditions that will also apply to future operations between EGPI BV and EKF and Citigroup involving the use the Danish parts in other countries in which Enel Green Power operates.

Microsoft Word - Finanziamento Romania inglese

PDF (0.05MB) Download

For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”). 
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.