Enel Solar Acquisition Details
Enel Green Power North America has reached an agreement to acquire a 270 MW operational solar portfolio in the United States for approximately $140 million, including debt. This acquisition includes seven solar plants located in Virginia, North Carolina, and South Carolina.
Projected Outcomes of Enel Solar Acquisition
The facilities are expected to generate about 0.4 TWh of electricity annually. Enel anticipates that the acquisition will yield approximately $20 million in additional annual ordinary EBITDA once the deal is finalized.
Timeline and Regulatory Approval for Enel Solar Acquisition
The closing of the acquisition is expected by the end of 2026, pending regulatory approvals.
Strategic Expansion through Enel Solar Acquisition
This transaction is part of Enel’s strategy to enhance its renewable generation capacity in the U.S. and to add operating assets with long-term cash flow potential.
Sources for Enel Solar Acquisition Information
- World’s Largest Solar Energy Media Network | Page 179
- SolarQuarter Insights
- Energy & Commodities stock takes and market news — Centiview
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