Enel stock gains as Buffalo Dunes stake reaches 75%

Enel Green Power has agreed to pay 60 million US dollars to raise its stake in the company operating the Buffalo Dunes wind farm to 75 percent. The transaction adds a fresh renewable-energy development for Enel ahead of its next corporate update, according to World Energy News.

Enel Green Power's North America unit signed the agreement with GE Capital on Monday, November 9, 2026. The deal covers a further 26 percent stake in the company that runs the U.S. wind farm, taking Enel Green Power's ownership to 75 percent.

More control of U.S. wind assets

Buffalo Dunes broadens Enel's exposure to renewable generation in the United States. The transaction also gives the group a larger economic interest in an operating wind asset rather than only adding a development project to its pipeline.

The announcement provides a new company-specific signal for investors assessing Enel's renewable portfolio and capital allocation. Its significance will depend on the asset's contribution to earnings and cash flow, as well as the terms under which the enlarged stake is financed.

Enel stock traded at 9.72 euros on Lang & Schwarz at 10:12 CET on Monday, November 9, 2026, 0.31 percent above the Xetra close of 9.69 euros on Friday, November 6. Investors can follow the real-time quote of Enel stock.

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Enel's next major scheduled focus is its nine-month 2026 results presentation on November 12. More news and analyses on Enel stock.