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)

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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.

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