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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Infrastructure Transport

15 Jul 2026

Railways To Operate Over 300 Special Trains For Rath Yatra

Union Railway Minister Ashwini Vaishnaw announced that Indian Railways (IR) will operate more than 300 special trains for the annual Jagannath Rath Yatra in Odisha and over 100 special trains during the Onam festival in Keralam. He flagged off the Nanded–Mumbai and Tanakpur–Nanded Express trains and inaugurated the extension of the Tanakpur–Pilibhit service up to Shahjahanpur via video conference from Rail Sadan in Bhubaneswar. He noted that the summer season, which concluded on 30 June, had seen a record 15,000 special trains. Vaishnaw stated that the newly launched services are intende..

Infrastructure Transport

15 Jul 2026

Vande Bharat Express To Start From Tripura Soon

Tripura Chief Minister Manik Saha said the Vande Bharat Express will commence operations from Tripura in the coming days after he flagged off the Agartala–Karimganj MEMU service at Agartala Railway Station. He recalled the rail history of the state, noting that a metre-gauge service first arrived in 1964 and that broad gauge reached Agartala in 2008 following national projects and later upgrades under the Act East policy. The event was described as a milestone for regional connectivity and the MEMU was presented as the first electric passenger train to originate from Tripura.\n\nSaha said he..

Infrastructure Urban

15 Jul 2026

MEMU Suspension Disrupts Commuters Between Vadodara And Dahod

The Vadodara–Dahod Mainline Electric Multiple Unit (MEMU) service has been temporarily suspended for 26 days after its rake was diverted to Odisha to manage the surge in passenger traffic during the annual Rath Yatra in Puri. Indian Railways redeployed several MEMU rakes from different zones to meet the additional travel demand for the festival scheduled from the seventh of July to the second of August. As a result, train numbers 69233 and 69234 operating between Vadodara and Dahod will remain cancelled for the duration. Railway authorities advised passengers to use alternative train service..