PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Enel Group

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Enel Green Power North America Signs Agreements to Reach 75% Ownership of Chisholm View and Prairie Rose Wind Farms - Enel Green Power North America, Inc. (“EGP-NA”) signed an agreement to purchase, from a GE Capital subsidiary, an additional 26% of the company operating the 235 MW Chisholm View wind farm for approximately 47 million US dollars - Enel.com
Enel Green Power North America Signs Agreements to Reach 75% Ownership of Chisholm View and Prairie Rose Wind Farms

 

NewswireToday - /newswire/ - Rome, Italy, 2013/05/22 - Enel Green Power North America, Inc. (“EGP-NA”) signed an agreement to purchase, from a GE Capital subsidiary, an additional 26% of the company operating the 235 MW Chisholm View wind farm for approximately 47 million US dollars - Enel.com. IT0003128367

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

EGP-NA has also signed an agreement to purchase, from a GE Capital subsidiary, an additional 26% of the company operating the 200 MW Prairie Rose wind farm for approximately 34 million US dollars.
The transactions will be closed following approval by the Federal Energy Regulatory Commission.

Enel Green Power North America, Inc. (“EGP-NA”), a subsidiary of Enel Green Power S.p.A. (“Enel Green Power”), signed an agreement to purchase an additional 26% of the “Class A” interests in “Chisholm View Wind Project, LLC”, the company operating the 235 MW Chisholm View wind farm from EFS Chisholm, LLC, a GE Capital subsidiary, for approximately 47 million US dollars.

At the same time, EGP-NA signed an agreement to purchase an additional 26% of the “Class A” interests of “Prairie Rose Wind Project LLC”, the company operating the 200 MW Prairie Rose wind farm from EFS Prairie Rose, LLC, a GE Capital subsidiary, for approximately 34 million US dollars.

The option to purchase the additional interests was provided for in the original agreements between EGP-NA and GE Capital subsidiaries. The transactions will be closed following approval by the Federal Energy Regulatory Commission. After closing, EGP-NA will own 75% of the “Class A” interests of both companies operating the wind farms, while GE Capital subsidiaries will remain as an investor with a 25% stake.

Francesco Starace, CEO of Enel Green Power, commented: "The full consolidation of the Chisholm View and the Prairie Rose wind farms will bring the installed capacity of Enel Green Power in North America above the mark of 1.6 GW. We remain committed to further grow in this important market, in all technologies.”

The Chisholm View wind farm, located in Garfield and Grant Counties, Oklahoma, has been operational since December 2012. The plant required a total equity investment of approximately 375 million US dollars and is supported by a long term power purchase agreement (PPA).

In June 2012, EGP-NA and EFS Chisholm, LLC signed a capital contribution agreement with a syndicate led by J. P. Morgan, including Wells Fargo Wind Holdings LLC and Metropolitan Life Insurance Company, whereby the syndicate funded approximately 220 million US dollars to the project.

The Prairie Rose wind farm, located in northern Rock County, Minnesota, has been operational since December 2012. The Prairie Rose wind farm required a total equity investment of approximately 305 million US dollars and is supported by a long term power purchase agreement (PPA).

In August 2012, EGP-NA and EFS Prairie Rose signed a capital contribution agreement with a syndicate led by J. P. Morgan, including Wells Fargo Wind Holdings LLC and Metropolitan Life Insurance Company, whereby the syndicate funded approximately 190 million US dollars to the project.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Enel Group

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Enel Green Power North America Signs Agreements to Reach 75% Ownership of Chisholm View and Prairie Rose Wind Farms

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Enel Green Power |
Publisher Contact: Enel Group - Enel.com 
+39 06.8305.1 ufficiostampa[.]enel.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Enel Group securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Enel Group / Company Profile


Read Energy Most Recent Related Newswires:

Nord Stream 2 AG and European Energy Companies Sign Financing Agreements
ABB At Hannover Messe 2017 - Showcasing Customer Value in the Digital Age
GE Completes Acquisition of LM Wind Power
Enel Starts Construction of 300 MW Red Dirt Wind Farm in United States
ET Solar and DSM Announce Strategic Partnership to Accelerate Market Penetration of PV Modules Featuring Unique Sustainable and Durable Backsheets
El Lago Named 'Green Power Community' in Texas by U.S. EPA
GE and Southern California Edison Debut World’s First Battery-Gas Turbine Hybrid
GE Successfully Installed the First Unit of 1,500-Volt Solar Inverter in Japan
ENGIE Wins A 338 MWp Solar Project in India
GE & MGH Mark Commercial Operations of 9F Gas Turbines At Baghdad Power Plant
ENGIE and Axium Secure 50-year Comprehensive Energy Management Contract with The Ohio State University in the US
ENGIE Axima Chosen by the Shipyard MV Werften within the Scope Limit of the Building of 2 XXL Cruise Ships
SPR Energy Puts Trust in GE to Operate Malaysian Power Plant for the Next 18 Years
ENGIE Acquires 100% of La Compagnie Du Vent
Enel Signs 25-Year PPA with Zambian National Utility Zesco

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)