Enel to acquire wind and solar plants in USA for US$1.3B

23 Feb Enel to acquire wind and solar plants in USA for US$1.3B

(Oilandgaspress) – Enel S.p.A. , acting through its wholly owned subsidiaries Enel Green Power North America and EGPNA Project Holdco 2, signed agreements with Excelsior Energy Capital for the acquisition of a portfolio of wind and solar plants, located in the United States, with an overall installed capacity of 830 MW and an expected average output of around 2.1 TWh per year. The agreements provide for a consideration of approximately 1 billion US dollars (equivalent to around 850 million euros) subject to adjustments customary for these types of transactions. The enterprise value referred to 100% of the portfolio is approximately 1.3 billion US dollars . The consideration for the acquisition will be financed by cash flows from current operations.

Following the closing of the transaction, a positive net effect of approximately 145 million US dollars per year, equivalent to around 125 million euros[4], is estimated on the Enel Group´s consolidated ordinary EBITDA at regime. Furthermore, the Enel Group is expected to achieve in North America an installed capacity entirely from renewable sources of approximately 13 GW of wind, solar and storage facilities.

The closing of the transaction, expected in the third quarter of 2026, is subject to certain conditions precedent customary for these kinds of transactions, including the issuance of the authorizations required by applicable U.S. regulations

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