The agreements provide for a consideration of approximately $1 billion subject to adjustments customary for these types of transactions. The enterprise value referred to 100% of the portfolio is approximately $1.3 billion. The consideration for the acquisition will be financed by cash flows from current operations.
Following the closing of the transaction, a positive net effect of approximately $145 million per year is estimated on the Enel Group's consolidated ordinary EBITDA at regime. Furthermore, the Enel Group is expected to achieve in North America an installed capacity entirely from renewable sources of approximately 13 GW of wind, solar and storage facilities.
Enel is a multinational power company and a leading integrated player in the global power and renewables markets, present in 28 countries worldwide.
