30 Sep '15, 11am

Enel GP exits Portugal in €900m deal: PORTUGAL: Renewable energy developer Enel Green Power has sold its Portu...

Finerge Gestao de Projectos Energeticos, the Portuguese subsidiary of Enel GP, and its 642MW net capacity will be transferred to the new owners. The transaction was part of its five-year strategic plan to "seize opportunities in countries with greater development potential", said Enel Green Power, an affiliate of Italian utility Enel. Enel GP CEO Francesco Venturini said: "There is strong demand for renewable assets, and by selling an operational platform in a mature market we register an early success in delivering against the commitments we made to the market earlier this year." Finerge Gestao de Projectos Energeticos owns 35.96% of shares in Eolicas de Portugal (ENEOP) a consortium with 1.33GW of installed wind capacity in Portugal, according to Enel. The remaining shareholders in ENEOP are in the process of separating the assets from the company, which should leave Fin...

Full article: http://www.windpowermonthly.com/article/1366487/enel-gp-e...

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