Enel has finalized the acquisition from an unspecified US utility of a portfolio of seven operating photovoltaic plants with a total installed capacity of approximately 270 MW and average annual generation of approximately 0.4 TWh.
“The acquisition consideration, equivalent to the enterprise value, is approximately $140 million. The impact on the Group’s net financial debt is approximately $180 million,” wrote the company led by Flavio Cattaneo.
Enel estimates that the acquisition will have a positive impact on the Enel Group’s consolidated ordinary EBITDA of approximately $20 million per year. The transaction was carried out through its wholly-owned subsidiary Enel Green Power North America.
“The transaction is consistent with the Enel Group’s strategy, which envisages accelerating the growth of its renewable generation capacity, including through the acquisition of assets already in operation in Tier 1 (Brownfield) countries,” Enel wrote.
From pv magazine Italy
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