Enel Green Power Acquires Tradewind Energy

This includes the purchase of all of Tradewind’s developments comprising of 13 GW of wind, solar and storage projects located throughout the U.S. Shortly after the closing of EGP’s purchase of Tradewind, the company signed an agreement with Macquarie Group’s Green Investment Group to sell Savion, LLC, a 100% subsidiary of Tradewind that includes a development platform including 6 GW of solar and storage pipeline projects.

Through this sale, EGP is able to generate immediate returns on portions of the acquired portfolio while retaining ownership of a strategic pipeline of around 7 GW of wind projects.

“Through this deal we are acquiring an experienced renewable development company to help carry out our North American growth strategy across all technologies with even greater speed and efficiency, thereby strengthening our position in the competitive US market. We are further able to capitalize on our investment and secure additional value for our company through the sale of certain development assets that will deliver immediate returns”, says Georgios Papadimitriou, Head of Enel Green Power North America.