Elecnor Abandons Minority Stake, Seeks Control of Enerfin

• Elecnor is now seeking an investor to acquire a controlling stake in their renewable energy business, Enerfin. With 1,552 MW of capacity in operation or under construction and a pipeline of 9,000 MW, Enerfin posted a net profit of EUR 5.75 million in Q1 2023. Discover the potential of this business opportunity.

Elecnor has ended its search for a minority partner for its renewables business, Enerfin, and will look for an investor with a controlling stake instead. Enerfin has 1,552 MW of wind and solar capacity in operation or under construction, and a pipeline worth close to 9,000 MW. The business posted a net profit of EUR 5.75 million (USD 6.2m) for the first quarter of 2023, down 55.9% on the year. Elecnor is now launching a search for a new investor to acquire a controlling stake in the business.

What is Elecnor's New Investment Plan?

• Elecnor's new investment plan is to look for an investor to acquire a controlling stake in their renewables business, Enerfin. 
• Elecnor's search for a new investor comes after ending their search for a minority partner. 
• Elecnor's Enerfin has 1,552 MW of wind and solar capacity in operation or under construction, and a pipeline worth close to 9,000 MW. 
• Enerfin posted a net profit of EUR 5.75 million (USD 6.2m) for the first quarter of 2023, down 55.9% on the year. 
• The investment plan is an effort by Elecnor to strengthen their business and improve profitability. 
• The new investor is expected to help Elecnor expand their renewable energy portfolio and increase their profitability.