By Giulia Petroni 

Enel and its listed Chilean subsidiary have signed an agreement to sell a photovoltaic generation portfolio in Chile to renewable-energy producer Sonnedix.

The Rome-based utility company said late on Wednesday that Arcadia Generacion Solar owns a portfolio of four operating PV plants with a total installed capacity of around 416 megawatts in Northern Chile.

Sonnedix is set to pay a total consideration of $550 million for the assets.

The transaction is expected to generate a positive impact on Enel net debt of around 504 million euros ($560.9 million) and of around EUR20 million on its net income in 2023.

Closing of the deal is subject to authorities approvals.


Write to Giulia Petroni at


(END) Dow Jones Newswires

July 13, 2023 01:47 ET (05:47 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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