Enel to acquire US wind and solar portfolio totalling 830MW of capacity

Core Viewpoint - Enel has formalized agreements to acquire a portfolio of wind and solar power plants in the US with a total installed capacity of 830MW for approximately $1bn, enhancing its renewable energy portfolio in North America [1][2]. Group 1: Acquisition Details - The acquisition is conducted through Enel Green Power North America (EGPNA) and involves purchasing assets from Excelsior Energy Capital [1]. - The enterprise value of the entire portfolio is estimated at around $1.3bn [1]. - The deal is expected to be completed in the third quarter of 2026, pending regulatory approvals [2]. Group 2: Financial Impact - Enel anticipates an annual increase of approximately $145m in consolidated ordinary earnings before interest, taxes, depreciation, and amortization following the acquisition [2]. Group 3: Strategic Alignment - Post-acquisition, Enel expects to achieve around 13GW of installed renewable capacity in North America, which includes wind, solar, and storage facilities [3]. - This acquisition aligns with Enel Group's strategy to expand its renewable generation portfolio by acquiring operational assets in advanced markets [3]. Group 4: Company Overview - Enel operates in 28 countries and manages approximately 93GW of global electricity generation capacity [3]. - The renewables division, Enel Green Power, holds around 68GW of various renewable energy sources [4]. - Enel's distribution network spans 1.8 million kilometers and connects 69 million end-users globally [4].