Eni Plenitude to acquire 80% stake in a portfolio of photovoltaic plants located in the US from EDP Renewables North America for $320m.

Eni Plenitude, a company selling gas and electricity, producing renewable energy and managing electric vehicles charging points, agreed to acquire 80% stake in a portfolio of photovoltaic plants located in the US from EDP Renewables North America, a company developing, constructing, owning, and operating wind farms and solar parks throughout North America, for $320m. "We are pleased to reach this agreement which is a clear sign of the quality of our assets and the added value that EDP's expertise brings. With this transaction, we have executed more than 25% of the target announced for our asset rotation program for 2023-26. We remain committed to delivering our business plan with a solid investment in renewables and focus on sustainable growth," Miguel Stilwell d’Andrade, EDP Renewables CEO.