Enel buys 270 MW U.S. solar portfolio for $140 mln, expands in three new states

Enel agreed to buy seven U.S. solar plants with approximately 270 megawatts of installed capacity for about $140 million including debt. The deal expands Enel’s renewable generation footprint and supports its clean-energy strategy. The announcement is positive for Enel, though the transaction size is unlikely to move the stock materially.

Analysis

Enel agreed to buy seven U.S. solar plants with approximately 270 megawatts of installed capacity for about $140 million including debt. The deal expands Enel’s renewable generation footprint and supports its clean-energy strategy. The announcement is positive for Enel, though the transaction size is unlikely to move the stock materially.