Boston – Enel Green Power North America, Inc. (EGP-NA), a subsidiary of Enel Green Power S.p.A., signed an agreement to purchase an additional 26% of the Class A interests in Buffalo Dunes Wind Project, LLC, the company operating the 250 MW Buffalo Dunes wind farm, from EFS Buffalo Dunes, LLC, a GE Capital subsidiary, for approximately 60 million US dollars. The option to purchase the additional interests was provided for in the original agreement between EGP-NA and the GE Capital subsidiary. The transaction will be closed following approval by the Federal Energy Regulatory Commission. After closing, EGP-NA will own 75% of the Class A interests of the company operating the wind farm, while the GE Capital subsidiary will remain as an investor with a 25% stake. (9Colonne)
