“With the start of yet another construction site we continue to solidify our company’s ongoing investment in the U. S. Looking to the future, EGP is well positioned to be a leading player in the ongoing growth in the renewable energy market in the U. S. We will play an active role through the implementation of our business strategy, which is focused on technology diversification, innovation and development of strategic partnerships”
The construction of Drift Sand requires an investment of approximately 180 million US dollars and is part of the investments foreseen in the company’s current business plan. The project is financed through the Enel Green Power Group’s own resources and all of the power and renewable energy credits from Drift Sand will be sold under a bundled, long-term power purchase agreement.
The Drift Sand wind project is located in Grady County, Oklahoma. EGP-NA operates six wind farms in Oklahoma, with a total capacity of close to 1 GW.