USA:

Enel Green Power to Sell Stake in N. America Assets for $440 Million (Reuters)

Reported last week, Italy's Enel Green Power has agreed to sell a 49 percent stake in a newly created company holding its North American renewable energy assets to GE Energy Financial Services for around $440 million in a bid to fund growth.

The new company, EGPNA Renewable Energy Partners LLC, includes a 560 megawatt (MW) portfolio of wind, 72 MW of geothermal, hydropower and solar generation assets in operation as well as a 200 MW wind farm currently under construction, Enel Green Power said in a statement on Tuesday. All assets are based in North America.

Enel Green Power's North American subsidiary will hold the remaining 51 percent stake, it added.

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