Enel Gets $170 Million Loan for Wind Farm in South Africa

(Bloomberg) — 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.

Enel also has started an “academy” that will train South
Africans to install and sell small solar-power projects such as
on home rooftops. It expects to have trained at least 1,000
people by June, Enel said in the statement.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Randall Hackley, Ana Monteiro

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