The “Ituverava” and “Delfina” projects require a total investment of approximately 600 million US dollars to build.
The award of new capacity marks a further step forward in Enel Green Power’s growth strategy for Latin America.
Following the “Leilão de Reserva” public tender in Brazil, Enel Green Power has been awarded the right to sign 20-year energy supply contracts in that country for a total of 344 MW of wind and photovoltaic capacity.
Specifically, with the “Ituverava” project, the Company was awarded 254 MW of photovoltaic capacity, equivalent to 24% of the total projects awarded within the framework of the first public tender dedicated to solar energy at national level.
The project will be constructed in the north-eastern part of the country, in the state of Bahia, an area known for the high level of solar radiation it receives.
Enel Green Power was awarded a further 90 MW in wind capacity with the “Delfina” project. The plant, with a load factor exceeding 50%, will be built in the state of Bahia, where the company already manages wind projects for 264 MW awarded during previous public tenders.
The two plants will require a total investment of approximately 600 million US dollars to build, of which around 400 million US dollars for the photovoltaic project and around 200 million US dollars for the wind project.
Once up and running, the two plants will be able to generate up to some 900 GWh per year of sustainable energy, thereby helping to meet Brazil’s high demand for new energy, which is forecast to grow at an average annual rate of 4% through 2020.
The 20-year supply contracts awarded to Enel Green Power envisage the sale of specified volumes of energy generated by the two plants to the Brazilian Chamber of Commercialization of Electric Energy (CCEE – Camara de Comercializaçao da Energia Eletrica).
Brazil is among the world leaders in renewable energy generation thanks to its more than 98,000 MW of installed renewable capacity, corresponding to around 85% of the country’s total installed capacity.
Enel Green Power is the Enel Group company fully dedicated to the development and management of renewable energy sources at the international level, with operations in Europe and the Americas. The company generated over 29 billion kWh in 2013 from water, sun, wind and the Earth’s heat – enough to meet the energy needs of more than 10 million households and avoid the emission of approximately 16 million tonnes of CO2 into the atmosphere. Enel Green Power is a world leader in the sector thanks to its well-balanced generation mix, providing generation volumes well over the sector average. As of June 30th, 2014, the company has an installed capacity of approximately 9,150 MW from a mix of sources including wind, solar, hydroelectric, geothermal, and biomass. The company has about 750 plants operating in 16 countries in Europe and the Americas.