March 15 (Renewables Now) - Italian utility Enel SpA (BIT:ENEL) has acquired 650 MW of US renewable energy assets from its equally-owned joint venture (JV) with GE Capital’s Energy Financial Services, the energy investing arm of General Electric Co (NYSE:GE).
The overall amount paid for the plants amounts to USD 256 million (EUR 226.2m), for an enterprise value equal to around USD 900 million, Enel said on Thursday.
The move was made through Enel Green Power North America Inc (EGPNA) and involved the full acquisition of geothermal, wind and solar power facilities from Enel Green Power North America Renewable Energy Partners LLC (EGPNA REP).
More details on the assets are available in the table below.
|Cove Fort||Geothermal||25 MW||Utah|
|Salt Wells||13.4 MW||Nevada|
|Cimarron Bend||Wind||400 MW||Kansas|
|Lindahl||150 MW||North Dakota|
|Sheldon Springs||Solar||2.4 MW||Vermont|
After this transaction, EGPNA REP’s remaining capacity amounts to 1.1 GW, including hydro and wind assets.
(USD 1 = EUR 0.88)