Enel through its wholly-owned subsidiary Enel Green Power North America Inc. (EGPNA) has finalised an agreement with ORMAT Technologies Inc. on the sale of a renewable asset portfolio for a total consideration of €250 million, subject to customary transactional adjustments in the United States.
Furthermore, the assets sold include EGPNA’s entire geothermal portfolio as well as a number of small solar plants, with a total capacity of 150 MW of operating plants. The overall transaction, which was closed following the fulfilment of certain conditions precedent, is expected to generate a positive effect on the Enel Group´s consolidated net debt of about €250 million and a negative impact of around €30 million on Group reported net income while bearing no impact on Group ordinary economic results.
In July 2023 Enel Chile began commercial operation of the 398 MW Guanchoi solar plant. The company received authorisation from the national electricity coordinator to commence operation after the solar plant passed all tests ensuring its safety and performance.
