Italy’s national power champion Enel has firmly set out its agenda to become a significant international player with a number of recent developments.
With booming US wind generation in its sights, Enel has completed a tie-up with TradeWind Energy.
The alliance with the wind developer will see the companies jointly develop wind projects in the midwest US through an equity purchase and strategic partnership agreement that will see Enel become the largest shareholder.
Based in Lenexa, Kansas, TradeWind has more than 1 GW of new wind projects in the pipeline across Kansas, Missouri, Illinois, and other midwestern states and Enel already has some 500 MW of installed wind capacity worldwide, including projects in New York and Minnesota.
Meanwhile, Enel chief executive Fulvio Conti has been holding top-level meetings with Anatoly Chubais, number one at Russia’s energy giant UES on the progress of the electricity reform, including expected timeframes for generation companies’ IPOs and private placements to attract much-needed investment.
Conti has said that Enel is interested in acquiring, as a strategic investor, at least a blocking stake in heat generation companies.
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