Italian energy group Enel has finalized the acquisition of a portfolio consisting of two onshore wind farms in Germany, with a combined installed capacity of 51 megawatts. This transaction marks the first significant asset transfer by the group in the onshore wind sector in Germany.
€80mn valuation for regulated assets
The total value of the portfolio is approximately €80mn ($86.5mn), according to the information provided by Enel. The assets are covered by a regulated tariff under a feed-in premium scheme, which guarantees a minimum remuneration when electricity prices on the market fall below a certain threshold. This mechanism is expected to generate around €10mn ($10.8mn) per year in ordinary earnings before interest, taxes, depreciation, and amortization (EBITDA) for the group.
The deal aligns with the group’s strategy to enhance its presence in markets that offer regulatory stability and predictable support mechanisms. Germany, with the largest renewable energy market in Europe, provides a favorable legal framework that is considered attractive by institutional investors in the sector.
Enel’s first major wind farm acquisition in Germany
This marks Enel’s first operational asset acquisition in the onshore wind sector in Germany. The group has indicated that this transaction fits into its geographically targeted expansion strategy, combining regulated profitability with growth potential. No details have been provided on the selling counterparties or the exact location of the wind farms.
This acquisition allows Enel to immediately integrate production capacity into its European portfolio, bypassing the development or construction phase. This direct acquisition approach aligns with a strategy focused on optimizing timelines and securing short-term revenue streams.
A portfolio in line with the group’s investment priorities
The selection of Germany for this acquisition reflects Enel’s internal investment criteria, which include macroeconomic stability and a regulatory framework favorable to renewable energy. The group intends to continue this strategy in other European countries exhibiting similar characteristics.
The integration of these regulated wind assets provides an immediate growth lever, strengthening the group’s financial visibility through stabilized revenue streams. This type of asset transfer is part of a broader trend within the energy sector, marked by an intensification of acquisition activity in mature markets.
