Enel’s joint venture Potentia Energy completes acquisition of renewable portfolio of over 1 GW in Australia

Enel informs that Potentia Energy, a renewable energy company in which Enel Green Power holds a joint control stake[1], has finalized its acquisition from CVC DIF and Cbus Super of controlling stakes in a portfolio of over 1 GW of renewable assets in Australia.

The geographically and technologically diversified portfolio comprises over 700 MW of operational wind and solar assets, alongside more than 430 MW of late-stage developments, including Battery Energy Storage Systems (BESS).

This acquisition confirms the Enel Group’s objective to develop its renewable asset portfolio, focusing on geographies with greater regulatory, political, macroeconomic and currency stability.

Furthermore, this transaction follows the Enel Group’s acquisition of 626 MW of hydropower assets in Spain finalized on February 26^th, 2025, and is in line with the Group’s new renewable generation development strategy, which is selective, profitable and open to brownfield opportunities (assets in operation). 

Potentia Energy is the joint venture that has been operating as Enel Green Power Australia since 2017. The company’s current portfolio comprises over 500 MW of renewable assets, of which almost 500 MW in operation and over 100 MW under construction.

Furthermore, Potentia Energy has rights secured for a development pipeline of over 7 GW across Australia and is committed to an ambitious growth agenda, targeting a significant increase to its installed capacity across wind, solar, storage and hybrid projects throughout Australia.

Enel is a multinational power company and a leading integrated player in the global power and renewables markets². 

At global level, it is the largest renewable player, the foremost electricity distribution network player by number of grid customers served and the biggest retail operator by customer base.

Enel is present in 28 countries worldwide, producing energy with more than 90 GW of total capacity.  

Enel Grids, the Group’s global business line dedicated to the management of the electricity distribution service worldwide, delivers electricity through a network of around 1.9 million kilometers with approximately 69 million end users. Enel’s renewables arm Enel Green Power has a total capacity of around 66 GW and a generation mix that includes wind, solar, geothermal, and hydroelectric power, as well as energy storage facilities, installed in Europe, the Americas, Africa, Asia, and Oceania. Enel X Global Retail is the Group’s business line dedicated to customers around the world with the aim of effectively providing products and services based on their energy needs and encouraging them towards a more conscious and sustainable use of energy. Globally, it provides electricity and integrated energy services with more than 55 million customers worldwide, offering flexibility services aggregating 9 GW, managing around 3 million lighting points, and with 29,600 owned public charging points for electric mobility.

[1] Equivalent to 50%. The remaining 50% is held by INPEX CORPORATION

2 Enel’s leadership in the different categories is defined by comparison with peers’ FY2024 data. Peers’ perimeter: listed companies - excluding companies with predominant state control.