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:
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