Enel To Acquire 270 MW Solar Portfolio In US

01 Jun 2026 CW Team

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.

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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.

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