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

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.