Thanks to this agreement, Enel Green Power will further increase its presence in the promising Mexican renewable energy market.
Enel Green Power, a unit of the Enel Group, through its subsidiary Enel Latin America, B.V., announced a project development agreement with SoWiTec Energias Renovables de Mexico Ltda., an affiliate of the German developer SoWiTec international GmbH, to develop a number of wind power projects in Mexico for a total capacity of up to 1,000 MW.
Through this agreement, Enel Green Power will have exclusive access to wind power projects being developed by SoWiTec, as well as the right to acquire these projects once they are fully authorized. The projects are located in the states of Sonora, Coahuila, Aguascalientes, Tamaulipas y Veracruz with a preliminary capacity for each project ranging between 100 to 200 MW.
The Enel Group’s company entered the Mexican power market in 2007 and there operates 3 hydro plants for a total installed capacity of 52 MW.
Enel Green Power can count on exclusive rights on a portfolio of wind projects with a total capacity of up to 2,000 MW, well distributed across the country and developed by two different companies: the German developer SoWiTec and the Spanish developer Enerthi.
Thanks to this agreement, Enel has further strengthened its position in the promising Mexican renewable energy market.
Enel Green Power is the Enel Group company dedicated to developing and managing worldwide energy generation from renewable sources in Italy and abroad. It operates nearly 4,700 MW in plants relying on hydro, wind, geothermal, solar and biomass sources in 14 countries in Europe and the Americas. With over 17 billion kWh produced annually, Enel Green Power is a European leader in the renewables’ sector.
Enel is Italy’s largest power company, and Europe’s second listed utility by installed capacity. It is an integrated player which produces, distributes and sells electricity and gas. Further to the acquisition of the Spanish utility Endesa, Enel has now a presence in 23 countries with approximately 95,400 MW of net installed capacity and serves 60.5 million power and gas customers. Listed on the Milan stock exchange since 1999, Enel has the largest number of shareholders of any Italian company, at some 1.2 million retail and institutional investors in 2008. Enel is also the second-largest Italian operator in the natural gas market, with approximately 2.7 million customers and a 10% market share in terms of volumes.