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Enel's Spanish unit starts building 90-MW wind portfolio

Wind farm. Author: Edgar Weber. License: Creative Commons, Attribution 2.0 Generic.

January 17 (Renewables Now) - Enel Green Power Espana (EGPE) has initiated construction work on three wind farms in Spain with a combined capacity of about 90 MW, it announced on Thursday.

The subsidiary of Endesa SA (BME:ELE), which in turn is part of Italian utility Enel SpA (BIT:ENEL), has begun building the 50-MW Sierra Costera I, 25-MW Allueva and 15-MW Sierra Pelarda wind farms in the province of Teruel, the Aragon region. The largest facility will use 14 turbines and will be spread across several municipalities, namely Mezquita de Jarque, Fuentes Calientes, Canada Vellida and Rillo.

EGPE calculates that it will need to invest a total of EUR 88 million (USD 100m) in the three projects. It expects to complete the wind parks by the end of the year, alongside three other such plants in Teruel province. All six wind farms, totalling 218 MW, were awarded to the company in the Spanish government's renewable energy tender held in May 2017. EGPE secured a total of 540 MW in that auction.

Overall, EGPE has secured in auctions 879 MW of wind and solar projects in which it expects to invest more than EUR 800 million.

(EUR 1.0 = USD 1.138)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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