(Jun. 7th) – Enel Green Power reinforces its commitment in the United States. Enel Green Power North America (EGP-NA), a subsidiary of Enel Green Power (EGP), and EFS Chisholm LLC, a GE Capital subsidiary, signed a capital contribution agreement with a syndicate led by J.P. Morgan, whereby the syndicate commits to funding approximately 220 million US dollars for the 235 MW Chisholm View Wind project in Garfield and Grant Counties, Oklahoma. The syndicate will release funds in the fourth quarter of 2012, subject to fulfilment of requirements outlined in the capital contribution agreement, at which point a tax equity agreement will be signed by the parties. The project is supported by a long-term power purchase agreement. Francesco Starace, Enel Green Power CEO and General Manager, stated: “We are pleased about the closing of this agreement, which further demonstrates the Group’s commitment to North America. Enel Green Power has a diversified footprint in this region, in which we mainly operate hydro, wind, geothermal as well as solar capacity. We wish to expand this capacity further by leveraging on such a multi-technology approach, which, along with a presence in 16 countries, makes EGP unique in the global renewables scenario.” (Roc/Peg)
