By Colin Kellaher

Macquarie Group Ltd. (MQG.AU) on Wednesday said its Green Investment Group Ltd. unit agreed to buy Tradewind Energy Inc.'s solar and energy storage unit for an undisclosed amount.

Tradewind is a unit of Enel S.p.A.'s (ENEL.MI) Enel Green Power North America unit.

Macquarie said the acquired business, named Savion LLC, has a portfolio that includes six gigawatts of solar and energy storage development projects.

Macquarie said the acquisition, which it expects to complete by midyear, advances GIG's mission to accelerate the transition to a greener global economy.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

March 27, 2019 10:16 ET (14:16 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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