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Enel Russia inks loan deal for 90-MW wind project

Enel

November 22 (Renewables Now) - The Russian unit of Italian energy major Enel SpA (BIT:ENEL) has secured a RUB-9.5-billion (USD 145m/EUR 127m) loan from the Eurasian Development Bank (EDB) for a wind project in the Rostov region.

Enel Russia announced today that its wholly-owned unit Enel Rus Wind Azov LLC signed the loan agreement on November 8. The funds this deal provides will be used to finance the construction of the 90-MW Azovskaya wind farm, which is expected to enter into service in late 2020.

Last month, Siemens Gamesa Renewable Energy SA (BME:SGRE) announced it had received an order to supply 26 units of its SG 3.4-132 turbines for the Azovskaya wind farm.

The particular wind project is one of two awarded to Enel Russia within the framework of the government tender held last year. The other one is the 201-MW Murmansk wind farm that is planned to be launched by 2021.

(RUB 100 = USD 1.525/EUR 1.337)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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