Enel finalises acquisition of renewable solar portfolio in the US
Published by Abby Butler,
Editorial Assistant
Energy Global,
Enel S.p.A., through its wholly owned subsidiary Enel Green Power North America, has finalised the acquisition from a US utility of a portfolio of seven operational photovoltaic (PV) plants with a total installed capacity of approximately 270 MW and average output of around 0.4 TWh/y.
The consideration for the acquisition, equivalent to the enterprise value, amounts to approximately US$140 million. The impact on group net financial debt is equal to around US$180 million.
The acquisition is expected to have a positive impact on the Enel Group’s consolidated ordinary EBITDA of approximately US$20 million per year.
The transaction is coherent with the Enel Group’s strategy, which envisages accelerating growth of its generation capacity from renewable sources, including through the acquisition of assets already in operation in Tier 1 countries (brownfield).
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Read the article online at: https://www.energyglobal.com/solar/05102026/enel-finalises-acquisition-of-renewable-solar-portfolio-in-the-us/