Story
Enel Acquires 84-Megawatt Italian Wind Farm for €145 Million
Italian utility Enel has acquired an 84-megawatt (MW) wind farm in southern Italy for approximately €145 million ($166 million), expanding its portfolio of operational green energy assets.
Acquisition Details
Enel Green Power Italia, the company's renewables unit, completed the transaction on Thursday, acquiring 100% of the Campo Eolico Ariano facility from a company owned by Austria’s WEB Windenergie AG. The wind farm is located in Italy's Campania region.
According to Enel's statement, the facility generates an average annual power output of around 0.2 terawatt hours (TWh). The deal involves purchasing an asset that is already active and contributing to the grid.
AdFinancial and Strategic Impact
The acquisition is projected to contribute an additional €16 million per year to Enel's ordinary core earnings. This immediate earnings accretion is a key benefit of acquiring operational assets rather than developing new projects from the ground up.
This purchase aligns with the group’s broader strategy to expand its renewable energy generation capacity. Enel has focused on acquiring active facilities in its primary markets to accelerate the growth of its green energy portfolio and support its decarbonization targets.
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