The US renewables unit of Italian utility Enel has signed a $233m cash equity agreement with investment fund Gulf Pacific Power to sell 80% in two US wind farms that have a combined capacity of 350MW.
Enel will continue to manage, operate and perform maintenance at both wind farms.
“Today’s agreement with a new investment partner reinforces the success and confirms the appeal of our continued industrial growth strategy throughout the ‘Build, Sell and Operate’ model with the aim to support new growth opportunities both in North America and other markets around the world,” said Antonio Cammisecra, head of Enel’s Global Renewable Energies...
