Enel acquires Excelsior's 830MW wind and solar assets in the US
Type: Acquisition · Technology: Hybrid · Country: United States · Capacity: 830 MW · Announced: 2026-05-22
Enel completed the acquisition of Excelsior's 830MW wind and solar assets in the United States, marking one of the largest renewable energy M&A transactions in the US market this year. The portfolio includes a mix of operational and development-stage projects across multiple states, significantly expanding Enel's renewable energy footprint in the country. The deal follows Enel's recent 250MW Smoky Hill wind farm in Kansas, reinforcing its commitment to scaling wind energy capacity in the US. Financial terms of the transaction were not disclosed, but industry analysts note the acquisition aligns with Enel's strategy to double its US renewable capacity by 2030. The transaction was structured as a cash-and-equity deal, with Enel leveraging its global project finance capabilities to secure funding.