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ENEL sells majority stake in 1.7GW of renewables plants in Mexico

Staff Writer |
Agreements were signed for the sale to CDPQ and CKD Infraestructura México, under a "Build, Sell and Operate" (BSO) model, of 80% of the share capital of eight special purpose vehicles (“SPVs”) that own plants in operation and under construction.

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Enel will continue to operate the plants under engineering, procurement and construction (EPC) contracts and long-term asset management agreements.

The transaction is worth $1.35 billion, of which a price of approx. $340 million for the sale of the majority interest in the SPVs and approx. $1,010 million for loans granted to the SPVs by CDPQ and CKD Infraestructura México.

Enel is continuing implementation of the BSO model announced in the 2017-2019 Strategic Plan.

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