Enel Green Power North America, Inc. (EGPNA) has entered into an agreement with GE Energy Financial Services for the sale of a 49% stake in a newly created company, EGPNA Renewable Energy Partners, LLC (EGPNA REP), for a total consideration of approximately US$ 440 million.
EGPNA will continue to own 51% of the partnership interests, thereby fully consolidating the partnership in its accounts, and will continue to be responsible for the daily administration, operation and maintenance activities of EGPNA REP assets. EGPNA REP holds a 560MW portfolio of wind, geothermal, hydropower and solar generation assets in operation as well as a 200MW wind farm currently under construction, all in North America.
