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Enel to spend USD 97m on expanding renewables in Mexico

Solar park in Mexico. Author: Presidencia de la Rep├║blica Mexicana. License: Creative Commons, Attribution 2.0 Generic.

May 9 (Renewables Now) - Italian energy major Enel SpA (BIT:ENEL) will invest USD 97 million (EUR 81.7m) to expand by 10% the capacity of three renewable energy plants in Mexico, the company said on Tuesday as cited by local media.

Through its local subsidiary Enel Green Power Mexico, the company has signed an agreement with the Federal Electricity Commission, or CFE, to increase the capacity of the 754-MW Villanueva and 238-MW Don Jose photovoltaic (PV) farms, and of the 93-MW Salitrillos wind park. All three are currently under construction.

More details on the expansion plans are available in the table below.

Project Type Investment Initial capacity After expansion
Villanueva Solar USD 64.1 million 754 MW 828 MW
Don Jose USD 21 million 238 MW 260 MW
Salitrillos Wind USD 12 million 93 MW 103 MW

The planned expansion of the PV facilities is expected to be executed in the second half of 2018, while Salitrillos should commence operations in the first half of 2019.

(USD 1 = EUR 0.84)

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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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