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FERC clears Enel to sell equity stakes in Okla. wind project

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FERC clears Enel to sell equity stakes in Okla. wind project

The Federal Energy Regulatory Commission approved Enel Green Power North America's application to sell equity stakes in the 298-MW Thunder Ranch Wind Farm.

Under the transaction, Special Situations Investing Group II LLC, or another affiliate of Goldman Sachs Group Inc., will acquire the class B interests in the project. The Thunder Ridge project is under development and located in Garfield, Kay and Noble counties, Okla. General Electric Co. subsidiary EFS Renewables Holdings LLC will acquire the class C interests in the facility, according to a Dec. 6 regulatory filing.

The transaction is reportedly worth $330 million in total and is expected to complete upon the achievement of commercial operation at the facility.

The Enel SpA subsidiary will hold the class A managing membership interests in Thunder Ranch. (FERC docket EC18-9)