Key Takeaways
- Enel finalized its $140 million purchase of seven operating U.S. solar plants on October 2, 2026.
- The portfolio totals approximately 270 MWdc and produces roughly 400 GWh annually.
- The acquisition brings Enel into Virginia, North Carolina and South Carolina.
- Enel forecasts approximately $20 million in additional annual ordinary EBITDA; that is an estimate, not a reported result.
Italian electricity group Enel confirmed on October 2 that its Enel Green Power North America subsidiary completed the acquisition of seven operating photovoltaic plants from a U.S. utility. The portfolio adds approximately 270 megawatts of direct-current (MWdc) solar capacity for a stated enterprise value of about $140 million. The seller was not identified in Enel’s announcement.
Where the Solar Plants Are
The original May 18 acquisition agreement identifies two facilities in Virginia totaling more than 120 MWdc, one in North Carolina exceeding 90 MWdc, and four in South Carolina totaling approximately 50 MWdc. The plants already generate electricity.
Together, the assets average approximately 0.4 terawatt-hours (400 GWh) annually, according to Enel. Annual production differs from constant output; our capacity-factor explainer explains the difference.
What Enel Is Paying
Enel reports a transaction value of approximately $140 million and an impact on group net financial debt of about $180 million, including lease-related debt. Those are different financial measures, not two purchase prices. Management expects an additional $20 million per year in ordinary EBITDA; actual future earnings may differ.
The company describes the purchase as a brownfield strategy: buying existing power assets rather than waiting for a new project to navigate land, permitting, construction and interconnection. Enel’s strategy update identifies a separate 810 MW solar deal closed in September.
Why Operating Solar Capacity Matters
Our report on Exus’s 715 MW U.S. solar acquisition examines another route into operating or advanced-stage assets. For power buyers, power purchase agreements and the daily variability of solar output remain crucial considerations. Solar alone is not 24-hour firm power, as our data-center explainer shows. Our 2025 solar-powered micro data-center report covers a smaller-scale example.
The Enel North America closing statement gives the acquisition’s state-by-state distribution. The accompanying U.S. Department of Energy video explains how photovoltaic modules convert sunlight into electricity; it is background education, not footage of these specific acquired plants.
A renewable-energy industry account also shared the transaction on X. This post is external commentary, while the company announcements above remain the primary sources.
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