Enel to sell down Aussie wind, solar pipeline

Bright blue sky with wind turbines and solar panels (ACEN yindjibarndi)
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The green energy arm of Italian utility Enel SpA is looking to sell down between 50-80 per cent of its Australian renewable energy platform that is said to have 3.6GW of projects in the development pipeline, Renewables Now reported.

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Credit Suisse has been hired to assist Enel Green Power with the sale and market the stake to Australian and offshore pension funds, infrastructure managers and other renewable energy asset owners. First round offers will be taken by the middle of August, with final offers likely to be submitted towards the end of September.

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Enel’s owns Bungala 1 and 2 solar parks near Port Augusta in South Australia, totalling 275.2MW, as well as the 34MW Cohuna Solar Farm in Western Australia, and the 75.6MW Flat Rocks Phase 1 Wind Farm currently under development in Western Australia.

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