Enel Green Power North America, a subsidiary of Enel S.p.A., concludes a $271 million deal with ORMAT Technologies Inc. for a US renewable asset portfolio. The sale encompasses EGPNA’s entire geothermal portfolio and small solar plants, totaling approximately 150 MW. The transaction, now closed, is impact Enel’s net debt positively by €250M but reduce reported net income by €30M.
US renewable asset portfolio changes hands in major agreement
Enel Green Power North America’s 8 GW renewable capacity in the U.S. remains unchanged, solidifying its leading position. Image Credit Enel Green Power.
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