ENEL GREEN POWER: FINALIZED EQUITY PARTNERSHIP AGREEMENT BETWEEN EGP NORTH AMERICA AND GE CAPITAL SUBSIDIARY EFS CHISHOLM

The agreement relates to the development of the Chisholm View wind farm for an installed capacity a 235.2 MW located in Oklahoma, requiring a total equity investment of approx. 375 million US dollars.
EFS Chisholm will invest approx. 191 million US dollars whereas Enel Green Power North America will contribute approx. 184 million US dollars for a 49% stake in the project, which can increase by an additional 26% on specific dates in 2012 and 2013.

Rome - Boston, April 2nd, 2012 - Enel Green Power (EGP) announced the closing of an equity partnership agreement between EFS Chisholm, LLC, a subsidiary of GE Capital and its US subsidiary Enel Green Power North America, Inc. (EGP-NA) for the development of the Chisholm View wind project located in Oklahoma.

The project, which requires a total equity investment of approximately 375 million US dollars, will have a total installed capacity of 235.2 MW and is supported by a long term power purchase agreement (PPA).

Under the terms of the agreement, EFS Chisholm, will invest approximately 191 million US dollars for a 51% stake in the project whereas EGP-NA will contribute with approximately 184 million US dollars for a 49% stake.

EGP-NA has an option to further increase its stake up to a further 26% of EFS Chisholm  equity on specific dates in 2012 and 2013.

The agreement is guaranteed by its Parent company Enel Green Power.

 

About Enel Green Power North America Inc.
Enel Green Power North America, Inc. (f/k/a Enel North America, Inc.), a subsidiary of Enel Green Power, is a leading owner and operator of renewable energy plants in North America with projects operating and under development in 21 U.S. States and 3 Canadian provinces. Enel Green Power North America owns and operates over 70 plants with an installed capacity of more than 1,000 MW powered by renewable hydropower, wind, geothermal, solar and biomass energy.

Microsoft Word - EGP North America Chisholm - ENG _2_

PDF (0.06MB) 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.