General Electric has sold approximately 650MW of renewable energy projects to Italian power giant, Enel. The sale comprises seven projects belonging to joint-venture partners Enel Green Power North America Renewable Energy Partners (EGPNA REP) and General Electric Capital’s Energy Financial Services. Enel says the deal will help its consolidated renewable energy capacity in the US as per its strategy. The EGPNA REP sale means that approximately 1.1 gigawatts of hydroelectric and wind assets are left in the joint venture, as per Enel. If half of this is still owned by General Electric, further disposals may be on the cards.

Source: The North Africa Journal March 25, 2019 12:45 UTC