Enel Repurchase of Green Power Unit Spurred by Need for Funding

  • Clean energy unit to invest 7.7 billion euros by 2019
  • Enel says it can fund the capital needs of Enel Green Power

Enel CEO: 2016 in Europe Will Be Better Than People Think

Enel SpA moved to buy back its renewables unit for 3.1 billion euros ($3.3 billion) in stock because the affiliate that develops power plants couldn’t raise enough funds on its own to keep up with growth plans.

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