Enel to acquire US wind and solar portfolio totalling 830MW of capacity

Enel has formalised agreements to acquisition a portfolio of upwind and star powerfulness plants successful the US with a full installed capableness of 830MW.

The transaction, conducted done Enel Green Power North America (EGPNA) and EGPNA Project Holdco 2, involves the acquisition of the assets from Excelsior Energy Capital for astir $1bn (€850m), with the last terms taxable to modular adjustments.

The endeavor worth attributed to the full portfolio is astir $1.3bn.

Enel plans to money the acquisition utilizing currency generated by its existent operations.

The institution estimates that erstwhile the woody is complete, it volition spot an yearly summation of astir $145m successful its consolidated mean net earlier interest, taxes, depreciation and amortisation.

The woody is expected to beryllium completed successful the 3rd 4th of 2026, pending regulatory approvals and different customary conditions.

Following the acquisition, Enel expects to execute astir 13GW of installed renewable capableness successful North America, covering wind, star and retention facilities.

This enactment aligns with the Enel Group’s broader strategy to grow its renewable procreation portfolio by acquiring operational assets successful precocious markets.

Enel operates successful 28 countries and manages astir 93GW of planetary energy procreation capacity.

Its renewables division, Enel Green Power, holds astir 68GW of wind, solar, geothermal, hydroelectric powerfulness and vigor retention crossed aggregate regions.

The group’s organisation web covers 1.8 cardinal kilometres and connects 69 cardinal end-users worldwide.

Enel besides serves much than 29 cardinal customers globally with electricity, state and integrated services, and manages flexibility services aggregating astir 10GW and operating much than 31,000 nationalist charging points for electrical vehicles.

In May 2025, EGPNA signed a swap statement with Gulf Pacific Power, an infrastructure money managed by Harbert Management, to summation its renewable capableness successful the US.

"Enel to get US upwind and star portfolio totalling 830MW of capacity" was primitively created and published by Power Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.