UPDATE 2-Boralex offers $343 mln for Enel Green Power French unit

Tue Dec 16, 2014 7:08am EST
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* Boralex to be largest independent French wind player

* Enel Green Power confirms received offer

* Deal follows Enel Green Power sale in El Salvador

* EGP shares up 0.6 percent (Recasts, adds EGP comment, shares, byline and dateline)

By Stephen Jewkes

MILAN, Dec 16 (Reuters) - Canadian power-producer Boralex Inc has offered to buy Enel Green Power's (EGP) French business for around $343 million, as the Italian company sheds more of its European business to focus on emerging markets.

In a statement late on Monday, Boralex said it expected to become the largest independent wind power producer in France following the deal, with an installed capacity of 455 megawatts.

A spokeswoman for EGP confirmed the company had received an offer from Boralex but gave no further details. The company's board is expected to meet in coming days to discuss the offer.

EGP, 69 percent owned by Italy's biggest utility Enel SpA , previously said it expected to sell its wind power assets in France by the end of this year.   Continued...