Enel Green Power signs financing agreement with EKF for three wind farms in Romania, USA and Brazil

editor

-

Rome, May 2nd, 2012 - Enel Green Power, through its subsidiary Enel Green Power

International BV ("EGPI"), signed with the Danish government's Export Credit Agency

("EKF") and Citigroup, the latter as agent and arranger, a 12-year financing agreement

for 180 million euros, guaranteed by Enel Green Power.

This financing will be used to cover part of the investments for the Enel Green Power

wind farms Zephyr I in Romania, with an installed capacity of 120 MW, Caney River in

the USA, 200 MW, and Cristal in Brazil, 90 MW.

Among these, the Caney River wind farm in Kansas, together with the Rocky Ridge wind

farm in Oklahoma, is also part of a tax equity partnership worth around 340 million US

dollars signed in December 2011 by the US subsidiary Enel Green Power North America.

The full amount of the investments for the construction of the three plants is equal to

about 670 million euros.

The EKF financing is characterized by an interest rate that is in line with the market

benchmark. EKF acts institutionally to support Danish companies for components used by

Enel Green Power in the construction of the three wind farms.

© Riproduzione Riservata

Commenti