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Enel to sell tax equity in Okla. wind project to Goldman, GE


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Enel to sell tax equity in Okla. wind project to Goldman, GE

Enel Green Power North America announced Oct. 6 a deal to sell tax equity interests in the 298-MW Thunder Ranch wind project to the Alternative Energy Investing Group of Goldman Sachs and GE Energy Financial Services.

Under the agreement, which is worth approximately $330 million, according to a news release, Goldman and GE commit to purchase 100% of the class B and class C equity interests in the project, located in Noble County, Oklahoma.

The Enel SpA subsidiary will retain class A ownership stake and day-to-day operations management of the facility.

The closing of the funding is expected to occur upon achievement of commercial operation at the facility,which is scheduled to begin by the end of 2017, according to the news release.

GE Energy Financial Services is a subsidiary of General Electric Co.