Eni New Energy US Inc. completed the acquisition of 80% equity stake in Three Photovoltaic Plants in US. from EDP Renováveis, S.A..

Eni New Energy US Inc. entered into an agreement to acquire 80% equity stake in Three Photovoltaic Plants in US. from EDP Renováveis, S.A. (ENXTLS:EDPR) on January 10, 2024. The agreement allows Plenitude to reach over 1,2 GW of installed capacity in the U.S. contributing to the goal of reaching 7 GW worldwide by 2026. BofA Securities, Inc. acted as financial advisor to Eni Plenitude S.p.A. Marathon Capital, LLC acted as financial advisor to EDP Renováveis, S.A.

Eni New Energy US Inc. completed the acquisition of 80% equity stake in Three Photovoltaic Plants in US. from EDP Renováveis, S.A. (ENXTLS:EDPR) on February 14, 2024.