Engie to Participate in Development of 300MW Wind Project in Spain
May 23 2018 - 12:50PM
Dow Jones News
By Alberto Delclaux
Engie SA (ENGI.FR) said Wednesday that it will participate in
the development of nine wind farms in Spain, with a combined
capacity of 300 megawatts.
The French utility will hold a 15% stake in the project, in
which Natixis's (KN.FR) subsidiary Mirova will be its main partner
with a 51% stake, General Electric Co. (GE) will hold 25% and
Forestalia the remaining 9%.
The total investment will amount to approximately 300 million
euros ($353.6 million), Engie said.
Engie also signed a 12-year power purchase agreement to buy a
large part of the electricty generated at the wind farms, it
said.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
May 23, 2018 12:35 ET (16:35 GMT)
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