Enel Signs Agreement To Acquire 270 MW Portfolio Of Operating Solar Plants In The United States

Enel has signed an agreement to acquire a portfolio of around 270 MW of operational solar power plants in the United States. The deal involves purchasing seven photovoltaic facilities for approximately 140 million US dollars, and these assets are expected to contribute about 20 million US dollars in ordinary EBITDA each year.

This acquisition aligns with the Enel Group’s strategy to accelerate the growth of its renewable energy capacity, including through the purchase of existing operational assets in established markets.The agreement was signed through Enel’s subsidiary, Enel Green Power North America, and marks an expansion of the company’s US footprint. With this transaction, Enel will enter the states of Virginia, North Carolina, and South Carolina for the first time.

The portfolio includes two solar plants in Virginia with a combined capacity of over 120 MW, one plant in North Carolina with more than 90 MW, and four plants in South Carolina totaling around 50 MW. Together, these facilities generate an estimated 0.4 TWh of electricity per year.The total value of the transaction is about 140 million US dollars, with an enterprise value of the same amount, subject to standard adjustments.

The impact on Enel’s net financial debt is expected to be around 180 million US dollars. The acquisition will be financed through cash generated from ongoing operations.Once the deal is completed, the newly acquired portfolio is expected to provide a positive annual contribution to Enel’s results, particularly in terms of ordinary EBITDA.

Closing is anticipated by the end of 2026, pending the fulfillment of customary conditions and the required regulatory authorizations in the United States.The acquisition supports Enel’s broader strategy of strengthening its renewable energy portfolio, especially through brownfield investments in Tier 1 countries where renewable energy growth remains a key priority.