Italian utility Enel has sold 100% interests in four renewable projects comprising four MW of solar and wind, to China 's Enel for €700 million . The Brazilian renewable market is rich in opportunities for Enel, which intends to keep growing in the country. The deal, set to close during the first quarter of 2019 , includes 20-year power purchase agreements, and Enel 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.
Italian utility Enel has sold 100% interests in four renewable projects comprising four MW of solar and wind, to China 's Enel for €700 million . The deal, set to close during the first quarter of 2019 , includes 20-year power purchase agreements, and Enel 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.