Enel To Acquire 270 MW Solar Portfolio In US
POWER & RENEWABLE ENERGY

Enel To Acquire 270 MW Solar Portfolio In US

Enel has signed an agreement to acquire a 270 Megawatt (MW) operational solar portfolio in the United States through its subsidiary Enel Green Power North America, strengthening its renewable energy presence across key North American markets. The portfolio comprises seven operational solar power plants located in Virginia, North Carolina and South Carolina, marking Enel's entry into those three US states. The transaction, valued at approximately USD 140 million including debt, is expected to expand the company’s operational renewable capacity while providing stable long term cash flow generation.

The assets are projected to generate around 0.4 terawatt hour (TWh) of renewable electricity annually, supporting rising electricity demand and decarbonisation efforts in the United States. The acquisition is aligned with Enel's strategy of acquiring operational renewable assets to accelerate capacity growth while reducing development and execution risks associated with greenfield projects. Industry commentary indicates continued investor confidence in the US utility-scale solar market, driven by corporate clean energy procurement and supportive policy frameworks.

Enel expects the transaction to contribute about USD 20 million annually to consolidated ordinary EBITDA upon completion, subject to regulatory approvals. The deal is subject to customary regulatory clearances and is expected to close by the end of 2026. Market observers note that such strategic purchases allow utilities and independent power producers to scale generation portfolios rapidly and secure predictable cash flows from contracted or merchant revenues.

The acquisition further strengthens Enel's global renewable portfolio and underscores its focus on long term infrastructure investments and strategic growth in North America. The company will integrate the newly acquired plants into existing operational management frameworks to optimise performance and maintain reliability for local grids and customers. The move is likely to be followed by continued portfolio optimisation as Enel pursues additional opportunities to expand clean energy generation.

Enel has signed an agreement to acquire a 270 Megawatt (MW) operational solar portfolio in the United States through its subsidiary Enel Green Power North America, strengthening its renewable energy presence across key North American markets. The portfolio comprises seven operational solar power plants located in Virginia, North Carolina and South Carolina, marking Enel's entry into those three US states. The transaction, valued at approximately USD 140 million including debt, is expected to expand the company’s operational renewable capacity while providing stable long term cash flow generation. The assets are projected to generate around 0.4 terawatt hour (TWh) of renewable electricity annually, supporting rising electricity demand and decarbonisation efforts in the United States. The acquisition is aligned with Enel's strategy of acquiring operational renewable assets to accelerate capacity growth while reducing development and execution risks associated with greenfield projects. Industry commentary indicates continued investor confidence in the US utility-scale solar market, driven by corporate clean energy procurement and supportive policy frameworks. Enel expects the transaction to contribute about USD 20 million annually to consolidated ordinary EBITDA upon completion, subject to regulatory approvals. The deal is subject to customary regulatory clearances and is expected to close by the end of 2026. Market observers note that such strategic purchases allow utilities and independent power producers to scale generation portfolios rapidly and secure predictable cash flows from contracted or merchant revenues. The acquisition further strengthens Enel's global renewable portfolio and underscores its focus on long term infrastructure investments and strategic growth in North America. The company will integrate the newly acquired plants into existing operational management frameworks to optimise performance and maintain reliability for local grids and customers. The move is likely to be followed by continued portfolio optimisation as Enel pursues additional opportunities to expand clean energy generation.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code