Enel Acquires 830 MW Wind and Solar Portfolio in the United States

In a significant move to bolster its presence in the North American renewable energy market, Italian power giant Enel has announced agreements to acquire an 830 MW portfolio of wind and solar plants in the United States. The deal, valued at approximately $1 billion, was made with Excelsior Energy Capital.

Details of the Landmark Enel US renewables Deal

The agreement, announced on February 21, 2026, involves a portfolio of operational wind and solar facilities. This acquisition is a key step in Enel’s strategic plan to expand its clean energy footprint in key markets.

The transaction is anticipated to be finalized in the third quarter of 2026, pending the fulfillment of certain customary conditions precedent typical for transactions of this nature.

Strengthening Enel’s North American Presence with Enel US renewables

This strategic acquisition is set to significantly increase Enel’s renewable energy capacity in North America. Upon completion, the Enel Group’s total installed capacity in the region will reach approximately 13 GW, comprising a diverse mix of wind, solar, and energy storage assets.

The move underscores Enel’s strategic focus on prioritizing investments in Europe and the United States, reinforcing its commitment to driving the energy transition in these core regions. By integrating this 830 MW portfolio, Enel not only expands its operational base but also solidifies its position as a leading player in the competitive US renewables sector.