Enel to acquire 132MW of wind farms in Spain

Enel, through its Spanish subsidiary Enel Green Power España (EGPE), has agreed to acquire five wind farms totaling 132MW in capacity from Elawan Energy and Genera Avante for €178m.

The company will acquire 100% equity in Parques Eolicos Gestinver, which owns the five wind farms that are located in the regions of Galicia and Catalonia in Spain.

While the Galician wind farms have a total capacity of about 57.5MW, the combined capacity of wind farms located in Catalonia is 74MW.

The Galician wind farms include the 20MW Farrapa, 14MW Peña Revolta and 23.5MW Pousadoiro, with all of them located in the Lugo Province.

The other two wind farms including the 30MW Les Forques and 44MW Montargull wind farms are located in Catalonia’s Tarragona Province. Enel claims that these wind farms have a load factor which is 28%.

Enel Green Power global renewable energies division Head Antonio Cammisecra said: “The acquisition of five wind farms will enable us to consolidate our return to renewables growth in Spain, after the two major tender wins from last year.

“These high quality assets are already operational and we are looking forward to further boosting their performance through their incorporation in our Group’s operation and maintenance system and in our integrated energy sale strategy.”

Scheduled to be finalized in the first half of this year, the acquisition will increase EGPE’s capacity in Spain to more than 1.8GW. Out of this about, 1.7GW is from wind power, which is equivalent to about 8% of total installed wind capacity in the country.

Last year, EGPE was awarded 879MW of renewable energy capacity in two tenders. The projects, which would require an investment of €870m, are expected to begin production in 2019.

Recently, Enel’s Brazilian subsidiary Enel Green Power Brasil Participações (EGPB) started operations at its 172MW Morro do Chapéu Sul wind facility, comprising of 6 wind farms. The company claims to have invested around $380m in the project.

SOURCE: Energy Business Review


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