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Italy’s Enel sells 50% of its Australia green business to INPEX

Published by Uma Rajagopal

Posted on September 29, 2023

1 min read

· Last updated: January 31, 2026

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Illustration of electric power pylons with Enel logo, related to Enel's sale of green business in Australia - Global Banking & Finance Review
This image features an illustration of electric power transmission pylons alongside the Enel logo, symbolizing the company's recent sale of 50% of its renewable energy business in Australia to INPEX. It highlights the growing significance of renewable energy investment in the finance sector.
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Italy’s Enel sells 50% of its Australia green business to INPEX MILAN (Reuters) – Italy’s Enel said on Friday it has finalised the sale of 50% of the two entities owning the group’s renewable activities in Australia to Inpex Corp. The sale generated a positive impact on Enel group’s core earnings of approximately 95 million […]

Italy’s Enel sells 50% of its Australia green business to INPEX

MILAN (Reuters) – Italy’s Enel said on Friday it has finalised the sale of 50% of the two entities owning the group’s renewable activities in Australia to Inpex Corp.

The sale generated a positive impact on Enel group’s core earnings of approximately 95 million euros, alongside an expected positive effect on the group’s consolidated net debt of around 142 million euros ($151 million).

($1 = 0.9432 euros)

(Reporting by Francesca Landini, editing by Alvise Armellini)

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What is renewable energy?
Renewable energy is energy generated from natural resources that are replenished constantly, such as solar, wind, and hydroelectric power. It is considered more sustainable than fossil fuels.
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Core earnings refer to a company's profits derived from its primary business operations, excluding any income from non-operational activities such as investments or asset sales.
What is a corporate partnership?
A corporate partnership is a business arrangement where two or more companies collaborate to achieve mutual benefits, such as sharing resources, expertise, or market access.
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Financial impact refers to the effect that a particular event or transaction has on a company's financial performance, including changes in revenue, expenses, or net income.

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