Enel, F2i reach agreement for the sale of biomass plants in Italy

By Enel Group | July 11, 2018

The Enel Group has reached an agreement with F2i SGR for the sale of the entire portfolio of biomass generation plants in Italy, with a total net installed capacity of around 108 MW.

The sale involves the operational Mercure and Finale Emilia plants, located respectively in the regions of Calabria and Emilia Romagna, 50 percent of Powercrop—the Enel-Maccaferri joint venture—which owns the plants under construction at Russi and Macchiareddu located respectively in Emilia Romagna and Sardinia, as well as the project for the construction of the Casei Gerola plant in Lombardy, for which authorization is currently pending.

The completion of the transaction is subject, among others, to the authorization of the Antitrust Authority and may also take place through individual transfers of the various plants between 2018 and 2019.

The sale of the plants, which is part of the Group strategy for the active management and asset rotation, has a total value of approximately EUR 335 million.