Popular News From Popular Sites: E.ON sells majority in U.S. wind farms to Enbridge

Friday, November 28, 2014

E.ON sells majority in U.S. wind farms to Enbridge

The headquarters of German utility giant E.ON is pictured before the annual news conference in Duesseldorf FRANKFURT (Reuters) - German utility E.ON agreed to sell an 80 percent stake in two wind farms in the United States to Canada's Enbridge , as the group continues to rake in much-needed cash by building and selling pricey renewable assets. The deal gives the two wind farms - with a combined capacity of 505 megawatt (MW) - an enterprise value of about $650 million (414.40 million pounds), E.ON said in a statement on Friday. The two wind parks - Magic Valley 1 in Texas and Wildcat 1 in Indiana - provide enough power for more than 120,000 households. The deal is part of E. ...




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