Enel Buys 270 MW U.S. Solar Portfolio for $140 Mln, Expands in Three ...

Enel to buy seven U.S. solar plants for $140M (ENLAY:OTCMKTS)

Enel said it agreed to acquire a portfolio of seven US operational photovoltaic plants with an overall installed capacity of 270 MW from an unnamed utility company for $140M including debt.

Enel buys 7 solar power plants in the US for $140 million

Enel has purchased seven photovoltaic plants already operating in the US from a US utility, with an investment of $140 million (€120 million), the Italian electrical power giant said Monday. The total capacity is 270 megawatts and annual production of 0. (ANSA)

Enel acquires 270MW operational solar PV portfolio in the US

Enel Green Power North America has acquired a 270MW operational solar PV portfolio from an unnamed US utility.

Enel to Acquire 270 MW Solar Portfolio in the US to Expand Renewable Energy Presence

Enel has agreed to acquire a 270 MW solar portfolio in the US for around USD 140 million, enhancing its renewable energy presence in Virginia, North Carolina, and South Carolina. This acquisition marks Enel's strategic expansion, expected to generate 0.4 TWh of renewable electricity annually, significantly boosting cash flow and EBITDA. The post Enel to Acquire 270 MW Solar Portfolio in the US to Expand Renewable Energy Presence appeared first o…

Enel expands its U.S. solar footprint with $140M acquisition

Decoding the news. Enel is moving deeper into the U.S. renewables market. The Italian utility, through its wholly owned subsidiary Enel Green Power North America, has signed an agreement with a U.S. utility to acquire a portfolio of seven operational solar plants with a combined installed capacity of approximately 270 MWdc. The deal, announced on May 18, carries a consideration and enterprise value of around $140 million, equivalent to roughly …