The deal is in line with Enel’s Strategic Priorities, leveraging on asset rotation to foster returns on capital employed in support of future development plans while achieving a progressive simplification of the Group’s structure.
The overall transaction is expected to generate a positive effect on Enel Group´s consolidated net debt of about 255 million euros and a negative impact of around 35 million euros on the Group's reported EBITDA while bearing no impact on Group ordinary economic results.
The transaction involves Enel’s entire geothermal portfolio in the United States plus several small solar plants.
The announced agreement does not alter the profile of the Enel Group’s 8 GW Renewable Consolidated Capacity in the US, confirming Enel Green Power North Americ as one of the largest renewable power producers in the region through its core wind, solar and storage portfolio.
The closing of the sale, which is expected in the forthcoming months, is subject to certain conditions precedent customary for these kinds of transactions, including the clearance from competent Antitrust authorities.
