Enel Receives 1603 Grant For Caney River

Posted by NAW Staff on July 20, 2012 No Comments
Categories : Projects & Contracts

Enel Green Power North America has been awarded a grant for approximately $99 million by the U.S. Department of the Treasury for the construction of the 200 MW Caney River wind farm, located in Kansas.

Enel says the funds will be allocated to the consortium led by J.P. Morgan, Wells Fargo Wind Holdings LLC and Metropolitan Life Insurance. In December 2011, Enel signed a $340 million tax equity partnership agreement for Caney River and for the Rocky Ridge wind farm.

The Tennessee Valley Authority has agreed to purchase the output from Caney River under a 20-year power purchase agreement.

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