Enel Green Power signs EUR180m deal with Danish Export Credit Agency
Enel Green Power, through its subsidiary Enel Green Power International BV (EGPI), signed a 12-year, €180m financing agreement with the Danish government’s Export Credit Agency (EKF) and Citigroup.
The financing will be used to cover part of the investments for the Enel Green Power wind farms Zephyr I in Romania, with an installed capacity of 120MW, Caney River in the US, 200MW, and Cristal in Brazil, 90MW.
The Caney River wind farm in Kansas, together with the Rocky Ridge wind farm in Oklahoma, is also part of a tax equity partnership worth around $340m signed in December 2011 by the US subsidiary Enel Green Power North America.
The full amount of the investments for the construction of the three plants is equal to about EUR670m euros.
The EKF financing is characterized by an interest rate that is in line with the market benchmark.