Deals Counterparts

Plenitude acquires 49% equity stake in two operational photovoltaic plants and a storage facility in California from EDP Renewables

Acquisition Hybrid announced United States Jan 16, 2025
245 MW
Capacity

Plenitude, through its US subsidiary Eni New Energy US Inc., has signed an agreement with EDP Renewables North America LLC to acquire a 49% equity stake in a portfolio comprising two operational photovoltaic plants (Sandrini 100 and Sandrini 200) and an electricity storage facility (Sandrini BESS) under construction in California. The acquired share represents 245 MWdc of the total 499 MWdc installed capacity, marking Plenitude's entry into the California market and expanding its US renewable energy footprint to approximately 1.7 GW.

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Timeline

Announced
Jan 16, 2025
Signed
Closed

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