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Announced

Enel Green Energy and Qatar Investment Authority to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Qatar

Renewable Energy Equipment

renewable projects development

Pending

Cross Border

Private

Private Equity

Joint Venture

Single Bidder

Majority

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Synopsis

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Enel’s renewable arm Enel Green Energy and Qatar Investment Authority agreed to form a joint venture to build and operate renewable plants in Sub-Saharan Africa. Financial terms were not disclosed. "Through this new partnership, we will combine our Group’s sustainable strategy, enhanced by our industrial expertise in business development, engineering & construction, as well as operation & maintenance of renewable plants, with QIA’s long term investment strategy, in line with the two companies’ sustainability and decarbonization targets. We will work together to accelerate the creation of an extensive green energy footprint in Sub-Saharan Africa, contributing to the continued pursuit of its ambitious goals in this sector by further harnessing the region's immense renewable potential and contributing to a more sustainable economic development model in this part of the world," Francesco Starace, Enel CEO and General Manager.

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