Enel U.S. Renewables Company to Sell Shares in Two Wind Farm Projects
07 Fevereiro 2018 - 11:28AM
Dow Jones News
By Anthony Shevlin
Enel SpA (ENEL.MI) said Wednesday that its U.S. renewables
company Enel Green Power North America has signed a partnership
agreement with Alberta Investment Management Corp (AIMCO.YY) to
sell nearly half of its shares in two wind-farm projects to be
built in Alberta, Canada.
The Italian gas and electricity distributor said Enel Green
Energy Power North America will sell 49% of the shares in the 115MW
Riverview wind farm and the 30.6MW Phase 2 of Castle Rock Ridge
wind farm.
Enel said that Enel Green Power North America will continue to
manage, operate and perform asset-maintenance activities at both
wind farms while retaining a 51% majority ownership. Overall
investment in the construction of the two wind farms is
approximately $170 million, it said.
The total consideration for the transaction will be determined
at commercial operation of the wind farm, which is expected by the
end of 2019.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com
(END) Dow Jones Newswires
February 07, 2018 08:13 ET (13:13 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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