Enel Gets $170 Million Loan for Wind Farm in South Africa
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Enel Green Power SpA, the renewable-energy unit of Italy’s biggest utility, received a loan of 2.1 billion rand ($170 million) to help pay for a wind farm it plans to build in South Africa’s Eastern Cape province.
KfW IPEX Bank GmbH, the export finance unit of Germany’s state-owned development lender KfW, provided the loan for Enel to construct the 111-megawatt Gibson Bay wind farm that will comprise 37 turbines of 3 megawatts each, Enel said by e-mail.