Enel, Vestas extend framework deal for U.S. wind farm development

Enel Green Power said Jan. 12 that, acting through its subsidiary Enel Green Power North America (EGP-NA), it has extended the framework agreement signed at the end of 2013 with Vestas for the development of wind farms in the United States.

The 2013 agreement, which provided for the supply of Vestas wind turbines, supported and will continue to support EGP-NA’s recent successful growth in the United States. The extension of this agreement confirms and expands EGP’s commitment to keep growing in the U.S. wind market, Enel noted.

The capacity yet to be developed within the 2013 agreement, together with the current extension, will enable Enel to qualify up to approximately 1 GW of future wind capacity for Federal Production Tax Credits (PTCs). EGP-NA’s ability to qualify for these federal tax incentives comes as a result of recent action by Congress to extend the PTC as part of the Tax Increase Prevention Act of 2014, signed into law in December.

Enel Green Power operates in North America through EGP-NA, which owns and operates over 90 plants in 21 U.S. states and two Canadian provinces. At this point, the company has a total installed capacity of more than 2,000 MW, diversified across four generation technologies: wind, geothermal, solar and hydro.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.