In line with the agreement signed in May, Enel has acquired seven operational photovoltaic plants for a consideration of approximately 140 million US dollars, which will make a positive contribution of approximately 20 million US dollars per year to the Group’s results (ordinary EBITDA).
Enel S.p.A. (“Enel”), through its wholly owned subsidiary Enel Green Power North America, has finalized the acquisition from a US utility of a portfolio of seven operational photovoltaic plants with a total installed capacity of approximately 270 MW and average output of around 0.4 TWh per year. The consideration for the acquisition, equivalent to the enterprise value, amounts to approximately 140 million US dollars. The impact on Group net financial debt is equal to around 180 million US dollars.
The acquisition is expected to have a positive impact on the Enel Group’s consolidated ordinary EBITDA of approximately 20 million US dollars per year.
The transaction is coherent with the Enel Group’s strategy, which envisages accelerating growth of its generation capacity from renewable sources, including through the acquisition of assets already in operation in Tier 1 countries (Brownfield).
Enel is a multinational power company and a leading integrated player in the global power and renewables markets, present in 27 countries worldwide.
At global level, it is the largest renewable player, the foremost electricity distribution network player by number of grid customers served and the biggest retail operator by customer base[6].
Enel generates electricity with more than 92 GW of total capacity. Enel Green Power, the Group’s renewables arm, has a total capacity of 67 GW and a generation mix that includes wind, solar, geothermal, and hydroelectric power, as well as energy storage facilities, installed in Europe, the Americas, Africa, Asia, and Oceania.
Enel Grids, the Group’s global business line dedicated to the management of the electricity distribution service worldwide, delivers electricity through a network of 1.9 million kilometers with more than 69 million end users connected to its distribution grids. Enel Commercial is the Group’s arm dedicated to customers around the world with the aim of effectively providing products and services based on their energy needs and encouraging them towards a more conscious and sustainable use of energy. It provides electricity, gas and integrated services to around 54 million customers globally including households, enterprises, industries and public administrations. In addition, it offers flexibility services aggregating over 11 GW and has approximately more than 35,000 owned public charging points for electric mobility.
Press release by Enel
