Enel subsidiary buys Kansas renewables company


The purchase, through the Italian utility Enel’s US-based Enel Green Power North America (EPGNA) includes 13 GW of wind, solar, and storage. No financial details have been shared.

The news follows hot on the heels of the utility’s acquisition of 650MW of renewables from General Electric.

The companies already have a long-standing development relationship that dates back to 2006, with Enel constructing approximately 3.9 GW of capacity developed by Tradewind.

“With this current acquisition, Enel Green Power North America will further expand its presence in Kansas, where the company is the largest wind operator with more than 1.4 GW of operational wind energy,” the companies said.

Enel has also signed a deal with Macquarie Group’s Green Investment Group, selling them the Tradewind subsidiary Savion. The sale is set to be completed by mid-2019 and includes a development platform with 6 GW of solar and storage projects in various stages of development.

“Through this sale, the company is able to generate immediate returns on portions of the acquired portfolio, while retaining ownership of a strategic pipeline of around 7 GW of wind projects,” noted Enel.

Enel’s US operation has projects and developments in 24 states, and two Canadian provinces. Currently EPGNA’s 100 plants have a capacity of around 5 GW, and have long-term power purchase agreements (PPAs) with both Facebook and Adobe inked in 2018.

A similar version of this story appeared on our sister site, Renewable Energy World.