Enel has tied up a $1.35bn deal for the sale of an 80% stake in 1.7GW of Mexican renewables assets to Canadian investor Caisse de dépôt et placement du Québec and local pension fund CKD Infraestructura México .

The Italian group said the agreement – which covers 1GW of solar and 700MW of wind – is a step forward in its build, sell and operate (BSO) strategy, allowing it to accelerate its pipeline growth.