ENEL GREEN POWER SIGNS FINANCING AGREEMENT WITH EKF FOR THREE WIND FARMS IN ROMANIA, USA AND BRAZIL

Published on miércoles, 2 mayo 2012

A 180 million euro financing agreement was finalized with the Danish government’s Export Credit Agency (“EKF”)

Rome, May 2nd, 2012 – Enel Green Power, through its subsidiary Enel Green Power International BV (“EGPI”), signed with the Danish government’s Export Credit Agency (“EKF”) and Citigroup, the latter as agent and arranger, a 12-year financing agreement for 180 million euros, guaranteed by Enel Green Power.
 
This 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 120 MW, Caney River in the USA, 200 MW, and Cristal in Brazil, 90 MW.
 
Among these, 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 340 million US dollars 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 670 million euros.

The EKF financing is characterized by an interest rate that is in line with the market benchmark. EKF acts institutionally to support Danish companies for components used by Enel Green Power in the construction of the three wind farms.  

Economic | mayo, 02 2012

1651845-2_PDF-1.pdf

PDF (0.05MB)DOWNLOAD

Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014