•  
  •  
  •  

Enel to expand 450-MW US wind park after PPA with Danone

Image by Enel Green Power SpA (www.enelgreenpower.com)

December 24 (Renewables Now) - Enel Green Power North America Inc (EGPNA) has put into operation a 450-MW wind park in the US state of Texas and, at the same time, signed a power purchase agreement (PPA) with Danone North America for 20.6 MW of said plant.

The 12-year PPA with the local unit of food and beverage company Danone (EPA:BN) will be served by a new 50-MW expansion of the High Lonesome wind farm in Upton and Crockett Counties, the renewable energy unit of Italian energy giant Enel SpA (BIT:ENEL) said on Monday.

Building works on the expansion are underway and operations are expected to begin in the first quarter of 2020. The total investment in the 500-MW wind park will amount to some USD 720 million (EUR 649.4m). Once fully completed, the plant should be able to generate approximately 1.9 TWh a year, which is enough to offset 1.2 million tonnes of carbon dioxide (CO2) emissions per year.

High Lonesome also has a Proxy Revenue Swap (PRS) agreement with insurer Allianz Global Corporate & Specialty Inc's Alternative Risk Transfer unit and Nephila Climate for a 295-MW portion of its total capacity.

(USD 1 = EUR 0.902)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription