Enel strengthens its overseas footprint with a billion-dollar acquisition that brings in 830 megawatts of already operational wind and solar plants. The transaction, concluded through the U.S. subsidiaries of Enel Green Power North America, marks another step in the group’s growth strategy in markets with the highest electricity demand.
The assets taken over by Excelsior Energy Capital are renewable parks already in operation. So they ensure immediate production and lower development risks. With a total capacity of 830 MW, average annual generation of about 2.1 terawatt hours is estimated, enough energy to power hundreds of thousands of U.S. households.
From a financial point of view, the total value of the transaction reaches $1.3 billion including tax effects, while the expected impact on consolidated ordinary Ebitda is about 125 million per year.
Why exactly the U.S.
The choice was also motivated by trends in the U.S. market, which continues to show a growing hunger for electricity. Propelling this are mainly data centers, digitization and artificial intelligence applications, energy-intensive sectors that are redefining consumption curves. In this context, investing in renewables that are already operational means tapping revenues immediately and consolidating market share.
With this move, Enel’s installed renewable capacity in North America rises to about 13 gigawatts between wind, photovoltaics and storage systems, placing the group among the leading players in the sector.
The U.S. operation is part of a season of international expansion. In recent months Enel has strengthened its hydro portfolio in Spain, exceeding 0.6 GW acquired, and expanded its presence in Australia through Potentia Energy, a joint venture with Inpex, with more than 1 GW additional renewable. In Germany, the group also debuted new onshore wind power plants.
The common thread is clear: grow where the energy transition meets robust and structurally increasing electrical demand.
The closing and the business plan
Final completion of the acquisition in the United States is expected between July and September, subject to U.S. regulatory approvals. Meanwhile, in Milan, management led by Flavio Cattaneo is preparing to present the new 2026-2028 strategic plan, which is expected to outline the next investment directions.
Amid volatile energy prices, a race for electrification and global competition on clean technologies, Enel is betting on the formula more renewables, more presence in key markets, more stable production. An industrial choice that aims to turn growth in electricity demand into a competitive advantage.
