Enel Green Power signs funding deal with JP Morgan-led consortium

MILAN, July 8 Tue Jul 8, 2014 11:02am EDT

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MILAN, July 8 (Reuters) - Italian renewable energy group Enel Green Power said on Tuesday it had signed a $400 million capital contribution agreement with a consortium led by J.P. Morgan for two wind projects in the United States with a total installed capacity of 350 MW.

In exchange for its financial contribution, the consortium will receive an equity interest with limited voting rights, which will allow it to obtain a percentage of the fiscal benefits resulting from the two projects. (Reporting by Agnieszka Flak; editing by Stephen Jewkes)

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