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Vestas Says Enel Signed Agreement to Buy Chile Wind Project

Nov. 20 (Bloomberg) -- Vestas Wind Systems A/S said it signed a conditional agreement to sell its 90-megawatt Talinay wind project in Chile to Enel SpA, the Aarhus, Denmark-based wind-turbine maker said today in a statement on its website.

Vestas gave no further details. Enel Green Power SpA, controlled by Italy’s Enel, said earlier in an e-mailed statement that it had secured a 12-year loan of 110 million euros ($128 million) from the Danish government’s Export Credit Agency and Citigroup Inc. to cover part of its $165 million investment in the Talinay wind farm.

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To contact the editor responsible for this story: Alex Morales at amorales2@bloomberg.net

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