Renewable

March 27 (Renewables Now) - The Mexican renewables unit of Enel SpA (BIT:ENEL) has started construction of a 200-MW wind farm in Mexico, the Italian energy group announced on Friday.

The Amistad plant will require a total investment of about USD 300 million (EUR 277.8m), the developer said.

The European firm, through its unit Enel Green Power Mexico (EGPM), will install the wind farm in Coahuila state. Once complete, the wind farm should be able to produce up to 750 GWh of electricity each year, enough to supply around 450,000 Mexican homes, and offset over 435,000 tonnes of carbon dioxide (CO2) emissions.

Amistad, which is being built under a 20 year-power purchase agreement (PPA), is an important step in the consolidation of Enel's position as a key player in the Mexican renewable market, according to EGPM’s director Paolo Romanacci.

Currently, Enel has 675 MW of installed wind capacity in the country, with 1,000 MW of solar projects under way.

(USD 1 = EUR 0.926)