Enel begins construction of 103-MW solar park in Brazil
Solar farm in Brazil. Author: Otávio Nogueira. License: Creative Commons, Attribution 2.0 Generic.
The renewables division of Italian energy company Enel SpA (BIT:ENEL) has initiated building works on the 103-MW Horizonte solar power plant in the northeastern Brazilian state of Bahia.
Through a special purpose vehicle (SPV) held by its local subsidiary Enel Green Power Brasil Participacoes Ltda (EGPB), the company is building the facility in Tabocas do Brejo Velho next to its 254-MW Ituverava solar project. Its estimated cost approximates USD 110 million (EUR 97.9m) and Enel expects to finance it through its own resources, it said.
Once completed in the second half of 2017, the solar park will be capable of generating more than 220 GWh of electricity per year, enough to cover the annual needs of over 108,000 local homes. The plant will be selling its output to the Brazilian Chamber of Commercialisation of Electric Energy under a 20-year contract.
Enel won the project together with the 158-MW Lapa and 292-MW Nova Olinda solar schemes in a public tender held in August 2015. EGPB has 546 MW of installed capacity, including 401 MW of wind, 12 MW of solar and 133 MW of hydro.