Andover, Mass.-based Enel Green Power, through its subsidiary Enel North America Inc., has signed a strategic partnership with Edina, Minn.-based Geronimo Wind Energy. The two companies will develop Geronimo's pipeline of more than 4,000 MW of wind projects in the Upper Midwest and potentially other regions of the U.S.
Under the terms of the agreement, Enel Green Power will acquire an undisclosed minority share of the company and will provide capital to further develop the business. Enel will also have the right to acquire, own and operate wind projects developed by Geronimo.
Enel has a similar investment in Lenexa, Kan.-based TradeWind Energy.
Geronimo was founded by Noel P. Rahn and targets mid-sized wind energy projects with generating capacities of 40 MW to 100 MW. Enel North America owns and operates a 30 MW wind farm in Minnesota, the 250 MW Smoky Hills project in Kansas, the 30 MW Fenner and 6.6 MW Wethersfield developments in New York, and the 63 MW Snyder Wind Farm in Texas.
SOURCE: Enel Green Power