Pursuant to the agreement, EGPNA will increase its indirect equity stake in certain corporate vehicles owning wind farms, bringing it to 51%, in exchange for its stakes in other corporate vehicles owning wind farms, one amounting to 100% and the others which are indirect minority interests, and for a cash consideration.
Upon transaction closing, Enel will increase its net installed consolidated capacity in the US by 285 MW.
The agreement provides for a net consideration of about $50 million in cash to be paid by EGPNA, subject to an adjustment mechanism customary for these kinds of transactions. Following the transaction’s closing, an annual positive net effect of approximately $50 million is estimated on the Enel Group´s consolidated ordinary EBITDA. The transaction has an overall negative impact on the Group’s net financial debt estimated, as of the date of the announcement, at about $20 million.
The completion of the transaction is subject to the fulfillment of certain conditions precedent, including the authorization by the US Federal Energy Regulatory Commission and the consent of Tax Equity Partners.
Enel’s total net installed consolidated renewable capacity in the USA amounted to 11,620 MW in the first quarter of 2025.
