Under the agreement CGNEI will take 100% stakes in the 292MW Nova Olinda solar plant, the 158MW Lapa solar plant, comprising two facilities, as well as the 90MW Cristalandia wind farm. Italian utility Enel has sold 100 % interests in four renewable projects comprising 540 MW of solar and wind , to China 's CGN Energy International for $ 700 m . The deal , expected to close during Q1 2019 , includes 20-year power purchase agreements , and O&M services supplied by Enel . The company said the deal would allow it to finance other projects in China , through a buy , sell and transfer model .
Italian utility Enel has sold 100 % interests in four renewable projects comprising 540 MW of solar and wind , to China 's CGN Energy International for $ 700 m . The deal , expected to close during Q1 2019 , includes 20-year power purchase agreements , and O&M services supplied by Enel . The company said the deal would allow it to finance other projects in China , through a buy , sell and transfer model .