ENEL SELLS MAJORITY STAKE IN TWO US WIND FARMS WHILE KEEPING PLANT MANAGEMENT

editor

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Enel signed an agreement with investment fund Gulf Pacific Power for the sale to the latter of an 80% stake in the 200 MW Caney River wind farm and 150 MW Rocky Ridge wind farm for a total consideration of about 233 million US dollars

Closing of the transaction is expected by end-2017

Enel will continue to manage, operate and perform maintenance at both wind farms, while deconsolidating their approx. 140 million US dollar debt, reinforcing the Group's "Build, Sell and Operate" renewables model



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