EON Sells Stake in Texas Wind Farm to JPMorgan
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EON SE, Germany’s largest utility, sold a stake in its Anacacho wind farm in Texas to JPMorgan Chase & Co. for $76.6 million and a commitment for future funding.
The bank bought a “partial interest” and will make further capital contributions, EON Climate & Renewables North America, a subsidiary of the Dusseldorf-based company, said in a statement today. Matt Tulis, an EON spokesman, declined to say how large a stake was sold.