GE Capital links with Italy's EGP for 235MW Chisholm View in US

The project will use GE's 1.6MW wind turbines

The project will use GE's 1.6MW wind turbines

Italian renewable energy giant Enel Green Power (EGP) and GE Capital have signed an agreement to develop the 235.2MW Chisholm View wind farm in Oklahoma.

Under the terms of the deal, GE Capital subsidiary EFS Chisholm will invest $191m for a 51% stake in the project and EGP North America will pay $184m for the remainder.

EGP has the option to increase its stake by an additional 26% on specific dates in 2012 and 2013, the company says.

The project will use GE 1.6MW turbines and has a long-term power-purchase agreement in place with Alabama Power Company, a subsidiary of Atlanta-based Southern Company.

The wind farm was originally developed by Kansas-based TradeWind Energy.

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