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

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

Related Topics

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)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video