Global energy company Eni andleading global investment firm Sixth Street have reached an agreement for Sixth Street to acquire a 49% stake in Enipower. Enipower is the second-largest producer of electricity in Italy, with six gas plants and a total power capacity of approximately five gigawatts. Enipower is the first industrial steam co-generator and among the top operators in Italy’s network of providers needed to guarantee the functioning of the country’s electric systems. Eni will retain control of Enipower in terms of operations as well as over the financial consolidation of the company.The agreement is subject to conditions precedent, including those pertaining to the relevant government authorities.Sixth Street’s Infrastructure team focuses on creating long-term solutions for companies across the global infrastructure sector. Sixth Street forms capital partnerships at scale with institutions operating infrastructure, energy transmission, and renewable assets and has invested in over 6GW of renewable power since its founding.
Global energy company Eni andleading global investment firm Sixth Street have reached an agreement for Sixth Street to acquire a 49% stake in Enipower. Enipower is the second-largest producer of electricity in Italy, with six gas plants and a total power capacity of approximately five gigawatts. Enipower is the first industrial steam co-generator and among the top operators in Italy’s network of providers needed to guarantee the functioning of the country’s electric systems. Eni will retain control of Enipower in terms of operations as well as over the financial consolidation of the company.The agreement is subject to conditions precedent, including those pertaining to the relevant government authorities.Sixth Street’s Infrastructure team focuses on creating long-term solutions for companies across the global infrastructure sector. Sixth Street forms capital partnerships at scale with institutions operating infrastructure, energy transmission, and renewable assets and has invested in over 6GW of renewable power since its founding.
