Greenalia syncs 24-MW wind farm in Spain

The 24-MW Minon wind farm in the Spanish region of Galicia has been synchronised and is ready to start feeding electricity to the grid today, project owner Greenalia SA (BME:GRN) announced.

The wind farm’s output will be sold on the Iberian electricity spot market OMIE, allowing the Spanish energy group to record revenues of between EUR 3 million (USD 3.4m) and EUR 4 million per year, Greenalia said in a regulatory filing.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) are projected to be in the EUR-2.3-million to EUR-3-million range.

The EUR-28-million wind farm is located in the municipality of Vimianzo. It is equipped with six units of Enercon E-126 wind turbines of 4 MW each.

Minon is the first of nine wind farms in Greenalia’s Eolo project portfolio to go online. Next up is the 22.5-MW Ourol wind farm, scheduled for commissioning in the first quarter of 2020. In the third quarter, Alto de Croa, Alto de Croa II and Monte Tourado are expected to commence operations to round up the Eolo phase I.

The second phase of the EUR-236-million Eolo project will add four wind farms, all of which are planned to start operations before the end of 2020, Greenalia added.

(EUR 1.0 = USD 1.12)

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