Enel completes acquisition of seven renewable energy assets from its US joint venture EGPNA REP

Enel S.p.A., acting through its renewable subsidiary Enel Green Power North America Inc., finalised the acquisition of 100% of seven fully operational renewable plants totalling 650 MW from Enel Green Power North America Renewable Energy Partners, LLC (EGPNA REP), an equally owned joint venture between EGPNA and GE Capital’s Energy Financial Services, the energy investing arm of General Electric. The overall consideration paid for the transaction amounts to approximately US$256 million, for an enterprise value equal to around US$900 million.

The assets under the transaction, which are all managed and operated by EGPNA, are:

• The 25 MW Cove Fort geothermal plant in Utah;
• The Salt Wells geothermal plant in Nevada, of 13.4 MW;
• The Stillwater geothermal-solar facility in Nevada, of 59.5 MW;
• The 400 MW Cimarron Bend wind farm in Kansas;
• The 150 MW Lindahl wind farm in North Dakota;
• The 2.4 MW Sheldon Springs solar PV facility in Vermont.