General Electric (GE) Enel has sold its share of 650 MW of US renewables assets to joint owner Capital's Energy Financial Services Green Power North America Renewable Energy Partners. The assets, which GE said have a total enterprise value of around $900m, were sold for $256m. The sale, which includes the 400 MW Cimarron Bend wind farm in Kansas, is part of GE's drive to restructure its renewable energy business, and is also in line with Capital's Energy Financial Services's bid to boost its US consolidated capacity.
General Electric (GE) Capital's Energy Financial Services has sold its share of 650 MW of US renewables assets to joint owner Enel Green Power North America Renewable Energy Partners. The assets, which GE said have a total enterprise value of around $900m, were sold for $256m. The sale, which includes the 400 MW Cimarron Bend wind farm in Kansas, is part of GE's drive to restructure its renewable energy business, and is also in line with Enel's bid to boost its US consolidated capacity.