Enel SpA to sell Green Power stake to reduce debt

August 4, 2009
Facebook
Twitter
LinkedIn
Reddit
Email

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.

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

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.

 

Read Next

October 28, 2025
Fotowatio Renewable Ventures (FRV) Australia has announced the development of a 210MWdc solar project in New Zealand's Rangitikei District.
October 27, 2025
Chinese engineering firm Shanghai Electric has signed an engineering, procurement, and construction (EPC) contract with independent power producer (IPP) Econergy to build a 342MW solar PV plant in Romania.
October 27, 2025
Engie has signed additional PPAs with Meta, expanding their partnership to more than 1.3GW across four solar projects in Texas.
October 27, 2025
Waaree Energies has secured four solar module supply contracts totalling 692MW – three for projects in India and one in the US through its subsidiary.
October 27, 2025
Chinese polysilicon producer Daqo New Energy saw an increase in sales and profits in Q3 2025, as the sector looks to address ongoing oversupply and financial losses.
October 27, 2025
Global corporate financing in the solar industry reached US$6.5 billion in the third quarter of 2025, a 14% increase from the same period a year ago.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany
Solar Media Events
March 24, 2026
Lisbon, Portugal