Enel Group acquires 62.5% of Cetasa, increasing its consolidated wind capacity in Spain by 99 MW

Enel informs that EGPE [1], a Group subsidiary controlled through Endesa, has signed and finalized today an agreement for the acquisition from Caja Rural de Soria and Caja Rural de Navarra of 37.5% and 25% respectively of the share capital of Cetasa [2], a company that holds a portfolio of 99 MW of operational wind farms in the Spanish province of Soria, for about 240 GWh per year of production, and an additional 30 MW of wind projects under development. As a result of the agreement, EGPE has increased its stake in Cetasa to 100%.

The enterprise value on a 100% basis recognized in the agreement is around 60 million euros, subject to customary adjustments for these kinds of transactions. The projected increase in EBITDA for EGPE is expected to be around 10 million euros per year at regime.

The transaction is in line with the Enel Group’s strategy to increase the generation capacity from renewable sources, including through the acquisition of assets already in operation (Brownfield).

Endesa’s total net installed consolidated renewable capacity amounted to approximately 10.8 GW in the first half of 2025.

[1] Enel Green Power España S.L.

[2] Compañía Eólica de Tierras Altas S.A.