trending Market Intelligence /marketintelligence/en/news-insights/trending/E6PKqtTqXUSUsULdiPUuJQ2 content esgSubNav
In This List

FERC clears Enel deals for 2 wind projects

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


FERC clears Enel deals for 2 wind projects

Enel Kansas LLC on Dec. 20 won FERC approval to transfer its class A membership stake in the planned 200-MW Cimarron Bend and 150-MW Lindahl wind projects to its parent company, Enel Green Power North America, or EGPNA, under two separate transactions.

Cimarron Bend is in Clark County, Kan., and will sell power to Google Inc. subsidiary Google Energy under a 15-year contract. Lindahl is in Williams County, N.D., and will supply electricity to Basin Electric Power Cooperative under a long-term contract. (FERC dockets EC17-24, EC17-25)

The development comes on the heels of FERC's recent approval of two separate tax equity deals for the same wind projects, which are expected to enter commercial operations later this month.

On Dec. 19, FERC authorized JPM Capital Corp., BAL Investment & Advisory Inc., Metlife Capital LP and Wells Fargo Wind Holdings LLC to become tax equity investors in the Cimarron Bend project, and on Dec. 8, the commission allowed a Goldman Sachs Group Inc. affiliate to buy passive class B equity interests in the Lindahl project. (FERC dockets EC17-15, EC17-16)

Enel Kansas and EGPNA are ultimately owned by Enel SpA.