Enel said on October 2 that it had finalized the acquisition from an unspecified US utility of a portfolio of seven operating photovoltaic plants with total installed capacity of approximately 270 MW and average annual generation of about 0.4 TWh. The consideration, equivalent to the enterprise value, is approximately $140 million, and the impact on the group’s net financial debt is approximately $180 million. The transaction was carried out through its wholly owned subsidiary Enel Green Power North America.
Enel estimates the acquisition will have a positive impact on the group’s consolidated ordinary EBITDA of approximately $20 million per year. The transaction follows an agreement signed in May and is consistent with the group’s strategy of accelerating growth in renewable generation capacity, including through the acquisition of operating assets in Tier 1 brownfield markets.