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