- The portfolio of approximately 150 MW comprises operational geothermal and solar facilities
- The deal is expected to generate a positive effect on the Enel consolidated net debt of about 250 million euros1 and a negative impact of around 30 million euros1 on Group reported net income, while bearing no impact on Group ordinary economic results
Enel S.p.A. (“Enel”), acting through its wholly-owned subsidiary Enel Green Power North America (“EGPNA”), has closed an agreement with ORMAT Technologies (“ORMAT”) on the sale of a renewable asset portfolio in the United States for a total consideration of 271 million US dollars, equivalent to approximately 250 million euros, subject to customary transactional adjustments. The assets sold include EGPNA’s entire geothermal portfolio as well as a number of small solar plants, with a total capacity of about 150 MW of operating plants.
The overall transaction, which was closed following the fulfillment of certain conditions precedent, is expected to generate a positive effect on the Enel consolidated net debt of about 250 million euros and a negative impact of around 30 million euros on Group reported net income while bearing no impact on Group ordinary economic results.
The transaction does not alter the over 8 GW profile of the Enel Group’s renewable consolidated capacity in the United States, confirming Enel Green Power North America as one of the largest renewable power producers in the region through its core technology portfolio.