MILAN, May 26 (Reuters) - Italy's biggest utility Enel

has signed a swap deal with U.S. Gulf Pacific Power

covering some wind farm assets which will boost its net

consolidated green capacity in the United States by 285

megawatts, it said on Monday.

WHY IT'S IMPORTANT

The deal is part of Enel's strategy to up its generation

capacity from renewable sources also through the acquisition of

so-called 'brownfield' assets, which are projects already in

operation.

Enel's total net installed consolidated green capacity in

the United States amounted to 11,620 MW in the first quarter of

2025.

BY THE NUMBERS

Enel, through its subsidiary Enel Green Power North America,

will pay GPP about $50 million, subject to an adjustment

mechanism.

It did not specify the assets that will be included in the

agreement. The deal, when completed, will boost the group's

ordinary earnings before interest, taxes, depreciation and

amortisation (EBITDA) by approximately $50 million.

The transaction will increase its net financial debt by

about $20 million.

(Writing by Francesca Landini; Editing by Jan Harvey)