nel subsidiary Enel Produzione has signed an agreement with ERG Power Generation to buy all ERG Hydro’s assets totalling 527 MW. The portfolio of plants owned by ERG Hydro will cost Enel US$1.2 billion - the package consists of 19 hydro plants, seven micro-hydro plants, seven large dams and four reservoirs located in Umbria, Lazio and Marche. The plants have an installed capacity of 527 MW and an average annual production of about 1.5 TWh. Furthermore, the scope of the transaction includes 114 staff members who are currently in charge of operating the plants. The transaction, expected to be completed at the beginning of 2022, is in line with Enel’s current strategic plan to increase renewable capacity in Italy. Following the completion of this transaction, the Enel Group will indeed reach approximately 13GW of installed hydro capacity in Italy, for a total renewable capacity, including geothermal, wind and photovoltaic, of around 14.5GW.
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