Spanish infrastructure builder and renewable energy company Elecnor SA (BME:ENO) announced today it has commissioned the 50-MW Cofrentes wind farm in the Valencian Community, a region on the east coast of Spain.
The project, which took EUR 53 million (USD 57.6m) to build, was developed through Elecnor’s wind unit Enerfin Sociedad de Energia SL. Project finance was provided by Spanish lender Banco de Sabadell SA (BME:SAB).
The Cofrentes wind farm will operate under a ten-year power purchase agreement (PPA) with Spanish oil and gas company Compania Espanola de Petroleos SAU (Cepsa). It is equipped with 13 GE wind turbines of 3.83 MW each, capable of generating 155,000 MWh of electricity per year.
The Cofrentes project was awarded to Enerfin in the framework of the Valencian Community’s wind plan. Elecnor said that, thanks to efforts of all parties involved, it has managed to commission the wind farm on schedule despite difficulties that came with the state of emergency imposed over the coronavirus pandemic.
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