February 7 (Renewables Now) - The Brazilian green power unit of Italian energy major Enel SpA (BIT:ENEL) said on Wednesday it has initiated construction work on the 716-MW Lagoa do Ventos wind park in the northeastern state of Piaui.
Enel Green Power Brasil Participacoes Ltda (EGPB) will build the facility in the municipalities of Lagoa do Barro do Piaui, Queimada Nova and Dom Inocencio at a total cost of about BRL 3 billion (USD 810.56m/EUR 713.28m).
The company said that this is not only the largest wind plant currently under construction in South America but also the company's largest worldwide.
Lagoa dos Ventos is expected to start operations in 2021 with 230 turbines generating more than 3.3 TWh of electricity per year, enough to offset some 1.6 million tonnes of carbon dioxide (CO2) annually.
The complex has 20-year power supply contracts for 510 MW with a pool of distribution companies, while the remaining 206 MW will be sold to retail customers on the free market.
Enel has around 2.9 GW of installed renewable energy capacity in Brazil, including 842 MW from wind farms and 820 MW from solar photovoltiac (PV) plants.
(BRL 1 = USD 0.27/EUR 0.24)