The
grant
–
made
under
Section
1603
of
the
American
Recovery
and
Reinvestment
Act
of
2009
–
will
go
to
a
consortium
of
tax-equity
investors
led
by
JP
Morgan,
Wells
Fargo
Wind
Holdings
and
Metropolitan
Life
Insurance
Company.
EGP’s
US
subsidiary,
Enel
Green
Power
North
America
(EGP-NA),
signed
a
tax-equity
partnership
agreement
with
the
consortium
in
December
2011
for
Caney
River
and
its
150MW
Rocky
Ridge
wind
farm
in
Oklahoma
for
around
$340m.
Tax-equity
partnerships
allow
tax
benefits
under
legislation
covering
renewable
generation
projects
to
be
assigned
to
passive
investors.
The
output…
