Italy's Enel to raise US green energy capacity with wind farms swap

May 27, 2025 268

Italy's biggest utility Enel opens new tab has signed a swap deal with U.S. Gulf Pacific Power covering some wind farm assets which will boost its net consolidated green capacity in the United States by 285 megawatts. The deal is part of Enel's strategy to up its generation capacity from renewable sources also through the acquisition of so-called 'brownfield' assets, which are projects already in operation.

Enel's total net installed consolidated green capacity in the United States amounted to 11,620 MW in the first quarter of 2025. Enel, through its subsidiary Enel Green Power North America, will pay GPP about $50 million, subject to an adjustment mechanism.

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SOURCE: https://www.reuters.com

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