Enel Green Power to spend $60 mln to raise Buffalo Dunes stake

May 13, 2014 937

Italy's biggest green energy company Enel Green Power said on Monday it had agreed to pay $60 million to take its stake in U.S. wind farm Buffalo Dunes to 75 percent.

In a statement Enel Green Power, which is controlled by Italy's biggest utility Enel, said its North America unit had signed an agreement with GE Capital to buy a further 26 percent stake in the company that runs the U.S. wind farm.

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Source: http://www.reuters.com

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