Enel has closed an agreement with Ormat Technologies on the sale of a renewable asset portfolio in the US for a total consideration of $271m (€250m).
The assets sold include Enel Green Power North America’s entire geothermal portfolio as well as a number of small solar plants, with a total capacity of about 150MW.
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The overall transaction, which was closed following the fulfilment of certain conditions precedent, is expected to generate a positive effect on Enel Group’s consolidated net debt of about €250m and a negative impact of around €30m on the group’s reported net income while bearing no impact on Enel’s ordinary economic results.
The deal does not alter the over 8GW profile of the Enel Group’s renewable consolidated capacity in the US.