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Enel SpA to sell Green Power stake to reduce debt

Enel SpA, the Italian power company, has announced that it will sell a 49% stake in its Green Power renewable unit; this move will be done in two stages, accoring to Reuters.

Many companies are being forced into this kind of situation, as the global recession holds, the debt mounts, leaving the sale of a stake in the business as a viable option to decrease this problem. Enel will begin this transaction by selling a 25-30% tranche to institutional investors, then selling a further stake on in an initial public offering expected to reach approximately 49%. This second stage is a possibility for 2010, if better market conditions are needed.

The company hopes that this sale, if successful, will to reduce its debt to below €50 billion, by bringing in an estimated €3.5 billion from the stake; Enel's Green Power unit is currently estimated to be worth around €13 billion to €14 billion.

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Photovoltaics International 16th Edition

This sixteenth edition of Photovoltaics International marks four years of production of the quarterly journal. As always, our focus is on efficiency and quality improvement and cost reduction in manufacturing. As 2012 rolls along, companies are falling by the wayside due to supply and demand issues, ASP declines and drastic governmental subsidy cuts. A clear picture of 2012 is offered through papers from the likes of TÜV Rheinland, Fraunhofer ISE, SEMI PV Group and EPIA, amongst others.
Photovoltaics International Lite, Volume 05 - 2011

This digital interactive Lite sees Tom Cheyney follow Agua Caliente’s progress on becoming one of first truly utility-scale PV power farms, where 40–50MW (AC) will be commissioned by the end of the year. We also feature one of the world’s largest silicon thin-film PV power plants, Avenal; a report on warnings of the collapse of module prices from Solarbuzz and PI-Berlin presents tips on PV module testing. A print version of this edition will be distributed at Solar Power International 2011 in Dallas, Texas.
Manufacturing The Solar Future: The 2012 Production Annual

Manufacturing the Solar Future 2012, the second in the Photovoltaics International PV Production Annual series, delivers the next installment of in-depth technical manufacturing information on PV production processes.

Enel SpA to sell Green Power stake to reduce debt

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