trending Market Intelligence /marketintelligence/en/news-insights/trending/IeNzvvTlSeeNZ9MnKoQJfw2 content esgSubNav
In This List

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

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Podcast

Energy Evolution | How will US Democrats' new deal on climate affect the energy transition?

Podcast

Energy Evolution | New York's aggressive climate goals create a market for manufacturers


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)