Enel wins 344 MW of wind, solar deals in Brazil's auction
Solar power plant. Author: Mountain/ \Ash. License: Creative Commons, Attribution 2.0 Generic
Nov 3, 2014 - Italy’s Enel Green Power (BIT:EGPW) said Monday it has won the right to sign power purchase agreements (PPAs) for 254 MW of solar and 90 MW of wind power capacity as part of Brazil's latest energy auction.
The renewable energy unit of Italian utility Enel SpA (BIT:ENEL) will invest some USD 400 million (EUR 320.m) in the Ituverava solar photovoltaic (PV) project in northeastern Brazil. The solar park represented 24% of the total solar capacity awarded under the tender.
The 90-MW Delfina wind scheme in Bahia, on the other hand, is calling for an investment of USD 200 million. It is expected to achieve a load factor over more than 50%.
Once built, the two plants will be able to produce up to 900 GWh of electricity per year. Under the 20-year PPAs, Enel Green will be selling electricity to the Brazilian Chamber of Commercialisation of Electric Energy (CCEE).
Enel Green had some 9,150 MW of installed capacity globally as at the end of June, including from wind, solar, hydro, geothermal and biomass plants.