A subsidiary of Enel Green Power North America (EGPNA) has a signed a $300m tax equity agreement with Allianz Renewable Energy Partners and MUFG for the 300MW Red Dirt wind project in Oklahoma.
The tax equity partnership will be supported by a parent company guarantee from Enel SpA. The deal allows the two investors to obtain a percentage of fiscal benefits that the project will generate as it has qualified for full value of the federal production tax credit.
