Enel Sells 540 MW of Renewable Capacity in Brazil

The three renewable assets being sold are the solar plants Nova Olinda (292 MW), located in the north-eastern Brazilian state of Piauí and Lapa (158 MW), situated in the north-eastern Brazilian state of Bahia, as well as the 90 MW Cristalândia wind farm, also in Bahia. The costs for all three assets are €700 million.

In line with Enel's 2019-2021 Strategic Plan, this transaction aims to maximise and accelerate value creation by rotating assets to free up resources that can be invested in new projects, while Enel will continue operation and maintenance activities on the assets sold.