Enel Green Power S.p.A. (“Enel Green Power”), through its subsidiary Enel Green Power North America, Inc. (“EGP-NA”), has completed construction work on its new “Origin” wind farm, located in Carter, Garvin and Murray counties in Oklahoma.
The new plant, owned by Origin Wind Energy, LLC., an EGP-NA subsidiary, boasts a total installed capacity of 150 MW. The plant will bring EGP-NA’s total installed capacity to more than 2 GW. The wind farm will generate up to around 650 GWh of electricity a year, therefore avoiding the emission into the atmosphere of some 700,000 tonnes of CO2 each year. In Oklahoma EGP-NA already operates the 235 MW Chisholm View wind farm and the 150 MW Rocky Ridge wind farm.
Construction of the new wind farm, in line with the growth targets set in the 2014-2018 Enel Green Power business plan, required an overall investment of around 250 million US dollars. The project is supported by a 20 year Power Purchase Agreement.
In July 2014, EGP-NA signed a capital contribution agreement with a consortium led by J.P. Morgan hence securing partial financing for the project.
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.
Enel Green Power in USA – Enel Green Power (EGP) operates in North America through Enel Green Power North America, Inc. (EGP-NA), which owns and operates over 90 plants in 21 U.S. States and two Canadian provinces. As of today, the company has a total installed capacity of more than 2,000 MW. Such a capacity base is diversified across four generation technologies, namely wind, geothermal, solar and hydro.