Renewable Energy M&A: Enel progresses on $22bn asset disposal plan with a ~$2bn Peru deal

published on 24 November 2023
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Enel has reached an agreement to sell its generation assets in Peru to Niagara Energy, a company controlled by Actis, for an enterprise value of ~$1.86bn. This transaction includes the transfer of stake in around 2.8 GW of generation assets, which encompass solar, wind, hydro, and thermoelectric energy. 

This sale marks a significant milestone for Enel as their total divestments of renewable assets have now reached an impressive $4.8bn since the start of the year. 

These divestments align with Enel's objective of selling ~$22bn in assets to support its goal of slashing net debt from $63bn in 2022 to $55bn by the close of 2023.

To gain a deeper insight into M&A trends at the corporate and asset level globally, request a trial of the Enerdatics Energy Transition M&A database today.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

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