Italy’s Enel finalises sale of several U.S. green assets to Ormat

Enel finalised the sale of a renewable asset portfolio in the United States to Ormat Technologies for $271 million, Italy's biggest utility said on Thursday. Under the agreement, Enel is divesting its entire geothermal portfolio in the United States along with a number of small solar plants, for a total capacity of 150 megawatts (MW). The move is expected to have a positive effect worth about 250 million euros ($274 million) on Enel's consolidated net debt but negatively impact, by around 30 million euros, the group's reported net income, the group said in a statement.