Enact Holdings’ subsidiary, ACT Mid Market Ltd., completed the sale of approximately 500 MW of hybrid power development assets to Canadian developer NU E Power Corp. on November 25, 2025. The portfolio spans sites in North America, Asia, South America and Africa and includes the flagship Dakhan Hybrid Energy & Data Complex in Mongolia, which combines utility‑scale solar, natural‑gas generation, grid interconnection, battery storage and an on‑site data center.
The sale price was not disclosed, but the transaction signals Enact’s strategic shift away from its core mortgage‑insurance business toward renewable‑energy assets. Enact’s Q3 2025 earnings—adjusted operating income of $166 million, EPS of $1.12 and revenue of $311.5 million—show a robust core business, and the company has raised its 2025 capital‑return guidance to roughly $500 million. The divestiture frees capital that Enact can deploy in high‑growth renewable projects while maintaining a strong mortgage‑insurance platform.
NU E Power financed the acquisition by issuing 11 million common shares at a deemed price of $0.15 per share, subject to escrow, and 10 million common‑share purchase warrants. The deal pushes NU E past its 1 GW milestone of secured global power capacity and positions the company to reach 2 GW by 2027. The expanded footprint will serve a diverse customer base—including AI hyperscalers, Bitcoin miners, national utilities and local communities—underscoring NU E’s “load‑agnostic” strategy.
Enact’s pivot reflects a long‑term vision to capture returns in the growing renewable‑energy market and reduce exposure to the cyclical mortgage‑insurance sector. President and CEO Rohit Gupta emphasized that Enact “continues to execute with discipline and purpose,” highlighting the company’s focus on credit risk management and strategic capital deployment. By divesting non‑core assets, Enact aims to strengthen its balance sheet and pursue higher‑margin renewable investments.
The transaction elevates NU E’s competitive position as a vertically integrated developer, owner and operator of hybrid power projects. With a diversified, multi‑continental portfolio, the company is better positioned to meet the rising demand for clean energy in data‑center and AI infrastructure, while Enact retains a solid mortgage‑insurance foundation that can support future asset sales or capital‑return initiatives.
The deal marks a significant milestone for both companies: Enact is redefining its growth strategy, and NU E is accelerating its expansion into the global renewable‑energy market. The transaction underscores the broader trend of traditional financial firms investing in sustainable infrastructure and the continued convergence of energy and technology sectors.
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