New York – The already productive collaboration between Enel Green Power and the United States has been strengthened with the extension of a framework agreement between EGP and Danish wind turbine manufacturer Vestas for the development of wind farms in the United States. The agreement, which was struck in 2013, provides for the supply of Vestas’ wind turbines, promoting the continued growth of Enel Green Power in North America. The wind capacity set to be developed according to the original agreement, alongside that included in the recent extension, will enable EGP to qualify for Federal Production Tax Credits (PTC) for future wind projects of a combined total capacity of around one gigawatt . The Enel Group business has been given the opportunity to compete for these federal incentives thanks to its ongoing investment in the United States and the recent decision of the United States Congress to extend the PTC as part of the Tax Increase Prevention Act of 2014, which became law last month. (9colonne)
