Enel Acquires 830 MW Renewable Energy Portfolio in US for $1 Billion

Italian energy giant Enel has announced a significant expansion of its renewable energy footprint in the United States, signing agreements to acquire an 830-megawatt (MW) portfolio of wind and solar plants for approximately $1 billion. This strategic move underscores the company’s commitment to growing its clean energy presence in the key North American market.

The Landmark Enel renewable energy US Deal

The acquisition, announced on February 21, 2026, involves purchasing a portfolio of fully operational renewable assets from Excelsior Energy Capital, a U.S.-based renewable energy infrastructure fund. The transaction is a major investment that boosts Enel’s installed capacity and energy generation capabilities in the country.

The portfolio consists of a mix of operating wind and solar facilities. Once at full capacity, these plants are expected to generate approximately 2.1 Terawatt-hours (TWh) of clean energy annually. The deal is slated for completion in the third quarter of 2026, pending customary regulatory approvals.

Bolstering a Global Renewable Leader with Enel renewable energy US

This acquisition is a strategic step for Enel’s renewable energy arm, Enel Green Power. The addition of the 830 MW portfolio will further solidify its position as a global leader in clean energy. Prior to this deal, Enel Green Power managed a worldwide capacity of 68 GW from a diverse mix of sources including wind, solar, geothermal, and hydroelectric power.

By acquiring already operational assets, Enel can immediately integrate the new capacity into its portfolio, contributing to its revenue and generation targets without the lead time and risks associated with new construction projects. This move aligns with a broader industry trend of consolidation, where established players are acquiring existing assets to rapidly scale their operations.

Commitment to the Enel renewable energy US Market

The $1 billion investment highlights the strategic importance of the United States in Enel’s global growth plan. The U.S. continues to be one of the most attractive markets for renewable energy investment, driven by supportive policies, technological advancements, and growing corporate demand for clean power. This acquisition not only increases Enel’s market share but also strengthens its ability to serve American customers with sustainable energy solutions.

In summary, Enel’s purchase of this substantial wind and solar portfolio from Excelsior Energy Capital is a powerful statement of its ambitions in the renewable sector, promising to enhance its generation capacity and reinforce its leadership in the global energy transition.