Enel buys 625MW US solar portfolio for $760M
What's the deal? Enel, the multinational power company, has completed the acquisition of a 625MW solar portfolio in the United States from Excelsior Energy CapitalDealroom has a profile for this one. Try Dealroom → for approximately $760 million. The deal ran through wholly owned subsidiaries Enel Green Power North AmericaDealroom has a profile for this one. Try Dealroom → and EGPNA Project Holdco 2Dealroom has a profile for this one. Try Dealroom →.
Why now? The purchase follows agreements Enel signed in February 2026 to acquire a portfolio of wind and solar projects totalling more than 830MW.
What's the endgame? The acquisition expands Enel's US renewable footprint through its Green Power arm, adding operational solar capacity as the group builds out its clean energy holdings across the region.
The signal: The transaction lands amid steady dealmaking in renewables. Recent weeks have seen SonnedixDealroom has a profile for this one. Try Dealroom → secure $1.3 billion refinancing operational solar and wind assets in Chile, and Palisade Investment PartnersDealroom has a profile for this one. Try Dealroom → acquire 1.4GW of development-stage projects in Australia — pointing to continued consolidation and capital flowing into operating renewable portfolios.
Read more: mercomindia.com
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