The agreement relates to the development of the 250 MW Buffalo Dunes wind project, located in Kansas.
EFS Buffalo Dunes, a subsidiary of GE Capital, will invest approx. 40 million US dollars for the acquisition of a 51% stake in the project from EGP-NA and fund construction, whereas the latter will retain a 49% stake.
EGP-NA has an option to further increase its stake by 26% of the Buffalo Dunes equity on specific dates in 2013 and 2014.
Total equity investment required to build the project amounts to an approx. 370 million US dollars, of which EGP-NA will contribute an approx. 180 million US dollars.