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Announced

Completed

Enel acquired seven fully operational renewable plants totalling 650 MW from GE Energy Financial Services for $492m.

Financials

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Transaction Value£374m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Infrastructure

United States

solar power plants

Friendly

Alternative Electricity

Private Equity

Acquisition

Completed

Single Bidder

Cross Border

Joint Venture

Synopsis

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Enel, an Italian multinational energy company that is active in the sectors of electricity generation and distribution, acquired seven fully operational renewable plants totalling 650 MW from GE Energy Financial Services for $492m. In line with the Group’s 2019-2021 Strategic Plan, this transaction aims to increase Enel’s consolidated capacity in the key US market, extracting more value through full ownership of assets that use strategic renewable technologies.

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