Enel to supply 70 MW of renewables to Peruvian steel firm

The Wayra I wind farm in Peru. Source: Enel SpA

July 14 (Renewables Now) - Enel Peru, a subsidiary of Italian utility group Enel SpA (BIT:ENEL), will be supplying 70 MW of renewable power to Peruvian steel and iron company SIDERPERU for its operations at home.

The two companies struck a 12-year agreement that will see Enel Peru source the electricity from its hydroelectric plants, wind and solar farms in the country to meet the contracted demand, the power producer said on Wednesday.

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Part of the supply will come from the 177-MW expansion of the existing Wayra wind farm and the 122.59-MW Clemesi solar farm, both scheduled to start operations in 2023.

For the duration of the contract, SIDERPERU will be issued I-REC certificates that confirm its power supply comes from renewable sources, Enel Peru said.

Enel X, the energy services unit of the Italian company, will also build a 500-kWp solar plant for self-consumption at SIDERPERU's steel complex in the city of Chimbote, as part of the agreement.

SIDERPERU is controlled by Brazilian steel producer Gerdau SA (BVMF:GGBR4).

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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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