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Enel nears EUR-200m solar asset sale in Italy - report

Solar panels. Source: Enel Green Power (www.enelgreenpower.com).

December 21 (Renewables Now) - Italian utility Enel SpA (BIT:ENEL) is nearing a deal to sell its 50% stake in a 400-MW-plus solar portfolio to joint venture partner F2i, Reuters reports.

A source familiar with the matter told the news agency that Enel is “very close” to agreeing the transaction for solar power plants operator EF Solare at a price of around EUR 200 million (USD 228m). Reuters could not get a comment on the matter from any of the parties.

EF Solare runs 130 plants in Italy, mostly in the region of Sicily and Lazio, where its total capacity amounts to 106 MW and 83 MW, respectively, according to information on its website.

Infrastructure fund F2i, which showed interest in buying Enel out of the JV in July, also acquired Terra Firma’s 334-MW RTR solar power platform this year.

(EUR 1.0 = USD 1.142)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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