Excelsior Energy Capital has exited two utility-scale solar plants, Faraday and Skyhawk, to Enel, according to PE Hub. The Faraday and Skyhawk solar plants are utility-scale facilities located in Utah and Tennessee, according to PE Hub. PE Hub published the item on 11 September 2026.
Assets sold: Faraday and Skyhawk
The transaction involves the Faraday and Skyhawk solar plants, according to PE Hub. PE Hub describes both assets as utility-scale solar facilities.
Faraday is located in Utah, according to PE Hub. Skyhawk is located in Tennessee, according to PE Hub.
Contracted revenue: long-term PPAs
PE Hub reports that the Faraday and Skyhawk solar plants are backed by long-term power purchase agreements. PE Hub identifies PacifiCorp as the counterparty on one long-term power purchase agreement.
PE Hub also identifies the Tennessee Valley Authority as the counterparty on one long-term power purchase agreement. PE Hub states that the plants are backed by these long-term power purchase agreements.
Buyer: Enel
Excelsior Energy Capital exited the Faraday and Skyhawk solar plants to Enel, according to PE Hub. PE Hub’s article headline and summary describe the exit as being to Enel.
What is not disclosed
PE Hub’s publicly accessible text does not provide a disclosed purchase price, fund name, or stake size for the exit. PE Hub’s publicly accessible text does not specify whether Enel acquired both plants in a single transaction or via separate transactions.
Widely known context: power purchase agreements are commonly used in utility-scale renewables to contract electricity sales with utilities and other offtakers. Widely known context: Enel is active in power generation, including renewables, through its broader energy businesses.
