Enel’s Potentia Energy Acquires Renewable Portfolio of Over 1 GW 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.