PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Enel Group

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Enel Green Power España Buys Sociedad Térmica Portuguesa through Finerge, its Portuguese Subsidiary - Enel Green Power España, through its subsidiary Finerge, has acquired an additional 50% stake in Sociedad Térmica Portuguesa, S.A. (TP) thus becoming the only shareholder of the Portuguese renewable company
Enel Green Power España Buys Sociedad Térmica Portuguesa through Finerge, its Portuguese Subsidiary

 

NewswireToday - /newswire/ - Rome, Italy, 2011/06/09 - Enel Green Power España, through its subsidiary Finerge, has acquired an additional 50% stake in Sociedad Térmica Portuguesa, S.A. (TP) thus becoming the only shareholder of the Portuguese renewable company. IT0003128367

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• EGP acquires an additional 50% of TP’s shares, being already the owner of the other 50%;
• This acquisition adds further 30.8 MW in Portugal to be consolidated with Enel Green Power España’s assets;
• The acquisition increases EGPE’s stake in Eneop to 40%, granting EGPE with additional 120MW of capacity in wind projects;
• This transaction is a step in the implementation of Enel Green Power Portfolio Optimization Strategy.

Enel Green Power España was already 50% owner of the company.

TP holds shares in 13 cogeneration plants and 2 wind farms in Portugal as well as a 20% direct stake in ENEOP, the Consortium that was awarded with an authorization to build a total of 1,200 MW of wind power in Portugal. Enel Green Power owns a 20% direct stake in ENEOP.

This deal allows Enel Green Power España to consolidate further 30.8 MW to its existing renewables portfolio on the Portuguese market, therefore reaching 177 MW of installed capacity in Portugal. The deal also enables Enel Green Power España to increase its shareholding in ENEOP up to 40%. As a result, Enel Green Power España’s capacity in wind projects through ENEOP will grow by 120 MW, reaching 480 MW from the current 360 MW.

In making this acquisition, Enel Green Power España will consolidate an additional 5 million euro EBITDA and 2.29 million euros net income.

SONAE CAPITAL and Enel Green Power España were partners in TP, each with a 50% shareholding. At the beginning of 2011 the two companies reached an agreement for the sale of the 50% ownership held by SONAE CAPITAL and the deal has been finalized today after obtaining the greenlight from the Portuguese Competition authority.

About Enel Green Power

Enel Green Power is the Enel Group company devoted to the development and management of power generation from renewable sources at the international level, with a presence in Europe and the Americas. It is among the industry leaders worldwide thanks to its approximately 22 billion KWh generated from a well balanced energy mix inclusive of water, sun, wind and geothermal sources. This is enough to meet the energy needs of about 8 million households and avoid the emission of more than 16 million tons of CO2 into the atmosphere. The company's installed capacity exceeds 6,100 MW, produced by more than 620 plants in operation around the world, with a generation mix that includes wind, solar, hydro, geothermal and biomass.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Enel Group

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Enel Green Power España Buys Sociedad Térmica Portuguesa through Finerge, its Portuguese Subsidiary

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Enel Green Power |
Publisher Contact: Enel Group - Enel.com 
+39.06.8305.1 ufficiostampa[.]enel.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Enel Group securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Enel Group / Company Profile


Read Energy Most Recent Related Newswires:

Vestas Secures Order for 101 MW in the United States
PPG to Distribute Wastewater Substrate-repair Products from Sauereisen
Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)