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 $700m. The deal, set to close during Q1 2019, includes 20-year power purchase agreements, and O&M services supplied by Enel. The company said the sale would allow it to finance other projects in Brazil, through a build, sell and operate model.