Enel to Sell 42MW Bulgaria Wind Farm
October 14 2020 - 3:55AM
Dow Jones News
By Joshua Kirby
Enel SpA said Wednesday that it is selling its stake in a
Bulgarian wind farm to Swiss-based energy company MET Group.
The Italian energy firm said its renewables arm, Enel Green
Power, has signed a share-purchase agreement to sell 100% of its
stake in the 42-megawatt wind farm covering two sites in
northeastern Bulgaria. The sale, which is expected to be completed
by the end of December, marks Enel's exit from the country, it
said, and is in line with the company's portfolio-management
strategy.
Enel revealed no financial details of the sale.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
October 14, 2020 03:40 ET (07:40 GMT)
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