Enel has signed an agreement to acquire a 270 MW operational solar portfolio in the United States through its subsidiary Enel Green Power North America, strengthening its renewable energy presence across key North American markets.
The portfolio consists of seven operational solar power plants located in Virginia, North Carolina, and South Carolina, marking Enel’s entry into these three US states. The transaction, valued at approximately USD 140 million including debt, is expected to expand the company’s operational renewable energy capacity while providing stable long-term cash flow generation.
The acquired assets are projected to generate around 0.4 TWh of renewable electricity annually, supporting growing electricity demand and decarbonization efforts in the United States. The deal aligns with Enel’s strategy of acquiring operational renewable energy assets to accelerate capacity growth while minimizing development and execution risks associated with greenfield projects.
Industry analysts note that the acquisition reflects continued investor confidence in the US utility-scale solar market, which remains one of the fastest-growing renewable energy sectors globally. Rising electricity demand, corporate clean energy procurement, and supportive policy frameworks continue to drive investment in operational renewable energy infrastructure across the country.
The transaction is expected to contribute approximately USD 20 million annually to Enel’s consolidated ordinary EBITDA upon completion. The acquisition remains subject to regulatory approvals and is expected to close by the end of 2026.
The move further strengthens Enel’s global renewable energy portfolio and underscores the company’s ongoing focus on expanding clean energy generation through strategic acquisitions and long-term infrastructure investments.
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