Enel Repurchase of Green Power Unit Spurred by Need for FundingBy
Clean energy unit to invest 7.7 billion euros by 2019
Enel says it can fund the capital needs of Enel Green Power
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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