Enel Green Power Acquires 830 MW Wind and Solar Portfolio in the USA
Enel Green Power Acquires 830 MW Wind and Solar Portfolio in the USA
Operational portfolio of wind and solar plants acquired from Excelsior Energy Capital. €850 million transaction expected to close in Q3 2026.
Enel Green Power has signed agreements to acquire an 830 MW portfolio of operational wind and solar plants in the United States from Excelsior Energy Capital for approximately €850 million. The portfolio is expected to generate around 2.1 TWh per year. Following closing, Enel Group will reach approximately 13 GW of installed renewable capacity in North America. For broader developer coverage, see the Renewable Energy Developers Europe – Top 25 List.
Transaction Facts
| Field | Details |
|---|---|
| Buyer | Enel Green Power North America |
| Seller | Excelsior Energy Capital |
| Portfolio Type | Operational wind and solar plants |
| Location | United States |
| Capacity | 830 MW |
| Annual Output | Approximately 2.1 TWh per year |
| Transaction Price | €850 million (approximately $1 billion USD) |
| Expected EBITDA Impact | Approximately €125 million per year additional |
| Enel North American Capacity After Deal | Approximately 13 GW |
| Expected Closing | Q3 2026 |
| Transaction Date | 21 February 2026 |
What Happened
Enel Green Power signed agreements to acquire the operational portfolio through subsidiaries Enel Green Power North America and EGPNA Project Holdco 2. The deal values the 830 MW portfolio at approximately €850 million. The portfolio consists of operational wind and solar plants distributed across the United States. Closing is expected in Q3 2026. The acquisition is expected to contribute approximately €125 million per year in additional EBITDA to Enel Group’s financial results.
Market Context
This acquisition advances Enel Green Power’s position in North America, where the company operates through regional subsidiaries. Upon closing, Enel Group will have approximately 13 GW of installed renewable capacity in North America. The deal represents Enel’s continued focus on acquiring and operating mature renewable energy portfolios in the United States market, building scale in wind and solar across the region.
Why It Matters
The transaction demonstrates Enel Green Power’s strategy of growth through acquisitions of operational renewable assets in mature North American markets. By acquiring an 830 MW portfolio of wind and solar plants already generating 2.1 TWh annually, Enel gains immediately productive capacity that contributes significant EBITDA rather than building from development stage. The deal brings Enel to 13 GW of North American renewable capacity, positioning the company as a significant renewable energy operator in the region. For a European developer like Enel, maintaining strong North American operations reflects the importance of diversified geographic exposure in renewable energy.
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