Enel Green Power North America is in talks with two different tax equity investors regarding financing for two separate wind farms that are already under construction.
The developer is discussing a deal with JP Morgan for the larger of the two projects, the 236.5 MW White Cloud project in Nodaway County, Mo. CCA Group is advising Enel on the potential transaction.
The White Cloud project is expected to be online in the second half of 2020. It has a 25-year power purchase agreement with Associated Electric Cooperative (PFR, 5/17).
Meanwhile, Enel has lined up Wells Fargo as a possible tax equity investor for its 66 MW Whitney Hills project in Logan County, Ill. Enel is not working with a financial adviser on this deal.
Whitney Hills is located next to Enel’s existing 185 MW Hilltopper wind farm, which Wells Fargo financed with some $180 million of tax equity last year (PFR, 11/5/18).
The Whitney Hills project is expected to begin operations by the end of the year. Enel's offtake plan for the project could not immediately be learned.