Enel signs agreement for Oklahoma’s 300-MW Red Dirt wind project

By Michelle Froese Enel Green Power North America, (EGPNA), acting through its subsidiary Red Dirt Wind Holdings, has signed a tax-equity agreement worth approximately $340 million with MUFG and Allianz Renewable Energy Partners of America. The contract is for the Red Dirt wind project located in Oklahoma, which has a total installed capacity of about 300 MW.
Once operational, the 300-MW Red Dirt project will be able to generate about 1,200 GWh of renewable energy annually.
Under the agreement, MUFG and Allianz will pay the above amount to the wind farm owner, Red Dirt Holdings, purchasing 100% of “Class B” equity interests in the project.

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