Europe Invests in African Renewable Energy
The provider of testing and advisory services to the energy value chain including renewables and energy management, DNV GL has joined European signatories including ABB, EDP Renewables, Enel Green Power, Ge Renewable Energy…
Enel Set to Shake up Renewables Ownership in Chile
The board of Enel Chile SA said on Friday that a plan it privately presented to Enel in July to absorb Enel Green Power Latin America's non-conventional renewable generation assets in Chile has been conditionally approved by the parent company.
Enel Signs $500 mln Equity Deal for U.S. Wind Project
The U.S. renewable unit of Italy's biggest utility Enel has signed a tax equity agreement with Bank of America Merrill Lynch, JP Morgan and MetLife for a 400 MW U.S. wind project. Under the deal the investors will pay…
First Reserve Draws Bids for Italian Solar Plants
Private equity firm First Reserve has put up for sale a number of solar plants in Italy with a combined capacity of 101 megawatts drawing bids each worth around 100 million euros ($110 mln), several sources close to the matter said.
EGP Joins Ocean Energy Europe Board of Directors
Enel Green Power (EGP), has joined Ocean Energy Europe’s Board of Directors. The move is further evidence of the growing industrial momentum driving ocean energy technologies to commercial readiness across the entire EU.
Wind Generators Look to Take Over Brazil Transmission Lines
Power companies with wind-generation capacity could take over transmission line projects in Brazil operated by Abengoa SA after the Spanish construction group's insolvency filing halted work on the systems. Candidates…
Enel Approves Green Merger
Italian utility Enel on Wednesday approved a merger with its renewable energy subsidiary Enel Green Power to help boost growth as it cut its core earnings forecast for the next two years. Enel, which owns 69 percent of its green subsidiary…
Enel Green Power, F2i Sign Photovoltaic JV Agreement
Italy's biggest renewable energy group Enel Green Power (EGP) and infrastructure fund F2i have agreed to set up a photovoltaic joint venture in the country, EGP said in a statement on Friday. The JV will pool assets from…
Greek Renewable Power Projects Stalled by Turmoil
Ambitious Greek renewable power projects aimed at reducing the country's dependence on energy imports from Russia will be on hold for some time as the threat of exit from the euro prompts investors and financiers to put the breaks on initiatives.
Latin America, Green Business Propel Enel Earnings
Q1 EBITDA 4.02 billion euros vs f'cast 3.87 billion; earnings at Latin America businesses jumps 33 percent. Italy's biggest utility Enel posted higher core earnings in the first three months, topping forecasts as a strong…
Enel Considering Assets Sale in Europe, Africa
Italy's biggest utility Enel SpA is looking to sell its assets in Europe and Africa to raise as much as 1 billion euros ($1.07 billion) as its growth slows amid weak demand in Italy and Spain, Bloomberg reported, citing people familiar with the matter.
Enel Green Power 2014 Core Earnings Meet Guidance
Italy's biggest renewable energy company Enel Green Power said on Wednesday its core earnings last year were 1.9 billion euros ($2 billion), in line with the company's guidance. The group, controlled by Europe's No. 2 utility by installed capacity Enel…
Enel Says Latin America Head Quits
The head of Enel's Latin American business has resigned for personal reasons, the Italian utility said in a statement on Wednesday. Luigi Ferraris, former Enel CFO and chairman of renewable unit Enel Green Power, has…
Enel Green Power to Sign Off Sale of French, US Assets By Year-End
Italy's biggest renewable energy company Enel Green Power expects to sign off the sale of French and North American assets by the end of this year, according to a slide on the company's third-quarter results. The group…
Enel Green Power Mulling Sale of EGP France Business
Italy's biggest renewable company Enel Green Power is mulling the sale of all of its EGP France business because of a lack of critical mass in France, the company said in a slide. It said the transaction could involve…
Enel Green Power Signs Funding Deal with JP Morgan
Italian renewable energy group Enel Green Power said on Tuesday it had signed a $400 million capital contribution agreement with a consortium led by J.P. Morgan for two wind projects in the United States with a total installed capacity of 350 MW.
Solar Market to Triple by 2018; Asia Leads Europe
38.4 GW of solar capacity installed in 2013, up 28 percent; Asia beats Europe as world's largest solar market. Globally installed solar capacity will nearly triple over the next four years, boosted by strong growth in Asia…
Enel Green Power: North America head will be CEO
Italy's biggest renewable energy company Enel Green Power is set to appoint the head of its North America unit Francesco Venturini as its new chief executive, a source close to the matter said on Wednesday. "The candidate is Venturini", the source told Reuters.
Enel Spends $60 mln, Raises Buffalo Dunes Stake
Italy's biggest green energy company Enel Green Power said on Monday it had agreed to pay $60 million to take its stake in U.S. wind farm Buffalo Dunes to 75 percent. In a statement Enel Green Power, which is controlled by Italy's biggest utility Enel…
Enel Green Power Q1 Earnings Boosted
Enel Green Power, Italy's biggest renewable energy company, said its core earnings in the first quarter were flat on the year as stronger sales in North America offset a fall in Latin America and Spain. In a statement…
