The transaction is expected to be closed after receiving an approval from the Federal Energy Regulatory Commission.
After closing, Enel Green will own 75% of the ‘Class A’ interests in the wind farm, while EFS Buffalo Dunes will remain as an investor with a 25% stake.
Enel Green CEO Francesco Starace said, "The full consolidation of our "Buffalo Dunes" wind farm will bring Enel Green Power’s installed capacity in North America to almost 2 GW, once again confirming EGP-NA as one of the top wind power players in the United States."
"We are committed to pursue further growth in this key market, across all main renewable technologies," Starace added.
Claimed to be the largest wind farm in the US, the Buffalo Dunes project located in Finney, Grant and Haskell Counties, Kansas, has been operational since December 2013.
The plant required a total equity investment of about $370m and is supported by a long term power purchase agreement.
Image: Enel Green to acquire additional interests in Buffalo Dunes wind farm in US. Photo: courtesy of dan/FreeDigitalPhotos.net.
