Enel leads Brazil's auction, wins 618 MW of wind

Italian energy major Enel SpA (BIT:ENEL) announced on Wednesday it has won 618 MW of wind capacity in Brazil’s A-6 tender.

The company estimates it will need to invest nearly USD 750 million (EUR 631.2m) in the construction of the plants. Completion is seen in early 2023 and the annual output is estimated at 3 TWh.

Through its local subsidiary, Enel Green Power Brasil Participacoes Ltda (EGPB), the company was awarded the right to sign 20-year power supply contracts for three wind projects. These are the 510-MW Lagoa do Barro project in Piaui and the 78-MW Morro do Chapeu II wind farm in Bahia, and a 30-MW extension of Enel’s already operational 180-MW Delfina wind park again in Bahia.

These wind assets and the 388 MW direct current (DC) of solar schemes secured in Monday's auction represent more than 1,000 MW of new capacity and a total investment of approximately USD 1 billion in the country.

Currently, Enel has nearly 2,660 MW of installed capacity under its belt in Brazil, of which 670 MW are wind, 716 MW solar and 1,270 MW hydropower, it noted.

(USD 1 = EUR 0.842)

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