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Enel Green Power (EGP), has signed an agreement with Inpex Corporation (Inpex), for the sale of 50% of the two entities owning all of the Group activities in Australia, namely Enel Green Power Australia and Enel Green Power Australia Trust (together Enel Green Power Australia, or EGPA).
EGPA is currently wholly owned by EGP, and will be sold for a total consideration of approximately € 400 million enterprise value, 100% basis, of which around € 140 million in debt. Upon the transaction’s closing, EGP and Inpex are expected to jointly control EGPA, overseeing the company’s current renewable generation portfolio and continuing to develop its project pipeline. EGPA currently operates 3 plants totaling 310 MW of installed gross capacity powered by solar as well as one 76 MW wind project under construction and one 93 MW solar project in execution.