Announced
Completed
Financials
Sources
Tags
Private
Infrastructure
United States
solar power plants
Friendly
Alternative Electricity
Private Equity
Acquisition
Completed
Single Bidder
Cross Border
Joint Venture
Synopsis
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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