Enel Green Power merger with Enel approved

Facebook
Twitter
LinkedIn
Reddit
Email
EGP has been listed on the stock market for five years. Credit: Enel Green Power

Italy-based renewable energy developer Enel Green Power (EGP) shareholders have approved the merger of EGP with Italy’s largest utility Enel SpA, at an extraordinary shareholders meeting held in Rome this week.

The closing of the merger, involving the issuing of EUR$3.1 billion (US$3.37 billion) shares, is expected to take place within the first quarter of this year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Enel already owns 70% of EGP, but the new approval consolidates the remaining 30% and Enel will be assigned these EGP assets.

EGP has been listed on the stock market for five years since Enel sold it to the public in 2010. Investors in EGP will now receive a share exchange ratio of 0.486 for their newly-listed Enel shares.

Read Next

September 25, 2025
Italian energy utility Enel has issued a US$4.5 billion (€3.8 billion) bond seeking investment from “US and international” investors.
January 9, 2025
Service provider company RES has secured a contract to provide operations and maintenance (O&M) work at a 400MW solar PV plant in Chile.
December 9, 2024
Located in the northern department of Atlantic, Enel says the Guayepo I and II project is the country’s largest operational solar site.
November 21, 2024
The company made no mention of solar PV in the role the technology would play in its renewables portfolio for the coming years.
April 17, 2024
The European Space Agency (ESA) will present an initiative aiming to deliver space-based solar power at a conference in London this week.
February 20, 2024
Colombia has awarded 4.4GW of solar PV capacity, which accounted for 99% of all renewable generation capacity offered in its latest auction.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK