Inpex Corp
EC Greenlights Enel's Aussie Exit Plan
Enel SpA's plan to sell a 50% stake in its Australian renewable energy business to Inpex Corp has been approved by the European Commission. The deal is worth EUR 400 million, with EUR 140 million in debt. Enel Green Power Australia currently operates three solar farms and is building 170 MW of wind and solar parks. This sale is part of Enel's strategy to reduce net debt in 2023-2025.
Aug 18, 2023 // Markets & Finance News, Enel, Inpex Corp
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