ENEL awarded with 540 MW Wind Power capacity in Spain

Enel’s Spanish subsidiary Enel Green Power España (EGPE) has been awarded 540 MW of wind power capacity in Spain following the tender launched by the Spanish Government to help the country achieve its target to cover 20% of energy consumption from renewables by 2020.

Enel’s Head of Global Renewable Energies, Antonio Cammisecra said that they are proud of this important award as it allows them to re-focus on Spain as a growth opportunity for their renewable operations, building on an already-significant presence in the green energy sector.  Given the importance of the Spanish market for the Enel Group, they are looking forward to bringing these new renewable facilities on line and to bringing their worldwide experience back to Spain, where they had started many years ago.

The Enel Group will be investing  600 million euros in the construction of the wind capacity, which is part of the investment outlined in its current Strategic Plan. The projects, expected to enter in operation by 2019, will sell their energy in the Spanish pool market while the Spanish Government will provide incentives, in terms of yearly capacity payments, to guarantee a steady return over 25 years of plants lifetime.

The wind projects will be located in the regions of Aragona, Andalusia, Castile and León and Galicia, areas which enjoy high levels of wind resources. Once up and running, the wind facilities will generate approximately 1,750 GWh per year.

Image Source: Enel