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Enel unit selling equity stake in 2 US wind farms for $651M

Dec 31, 2018 - SNL Energy Finance Daily
Mergers and Acquisitions

Enel Green Power North America Inc. agreed to sell its 100% class B equity stake in two wind farms in Nebraska and Kansas to Bank of America Merrill Lynch and J.P. Morgan for $651 million.

Under two separate tax equity agreements, the investment banks will acquire the interests in the 320-MW Rattlesnake Creek project for about $334 million and in the 300-MW Diamond Vista project for about $317 million. Enel SpA will retain 100% ownership of the class A interests and control over the manage...