Enel Green Power North America Acquires ~270 MW Operational Solar Portfolio in the US from a Utility for ~USD 140 Million
Enel has finalized the acquisition of seven operational solar PV plants totalling approximately 270 MW in the United States from an undisclosed US utility for approximately USD 140 million. The portfolio generates approximately 0.4 TWh annually and is expected to contribute approximately USD 20 million per year to Enel's ordinary EBITDA.
Transaction date: · Source: enelgreenpower.com
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 270 MW
- Transaction price
- 128 million (currency as reported in the source)
- Country
- United States
- Continent
- North America
- Development status
- Operational
- PPA
- n.a.
Technology details
Seven operational solar PV plants with a total installed capacity of approximately 270 MW and an average annual output of approximately 0.4 TWh. Transaction signed in May 2026 and finalized on 2 October 2026.
Additional information
Total consideration of approximately USD 140 million (approx. EUR 128 million), equivalent to enterprise value. Net financial debt impact of approximately USD 180 million. Expected positive annual EBITDA contribution of approximately USD 20 million. Part of Enel's brownfield growth strategy in Tier 1 countries. This is a separate, second transaction from the 830 MWac portfolio acquisition from Excelsior Energy Capital; seller is described only as 'a US utility'.
Source
Original announcement: https://www.enelgreenpower.com/media/press/2026/10/enel-finalizes-the-acquisition-of-a-portfolio-of-approximately-270-mw-of-solar-plants-in-the-united-states