A total investment of some 130 million euros was required to complete the wind farm.
Rome, December 30th, 2014 Enel Green Power has completed and connected to the grid Fontes dos Ventos, its first wind farm in the state of Pernambuco in the north-east of Brazil.
The wind farm is owned by Parque Eolico Fontes dos Ventos Ltda, a subsidiary of Enel Brasil Participações Ltda. It consists of 34 turbines, for a total installed capacity of 80 MW, able to generate about 320 million kWh a year.
Construction of the plant, which is in line with the growth targets set out in Enel Green Powers 2014-2018 business plan, required an overall investment of some 130 million euros,
partly covered by financing from IFC (International Finance Corporation), a World Bank Group member, related to the construction of wind farms in the north-east of Brazil. Fontes dos Ventos will supply energy to both the free and regulated market under a long-term power purchase agreement (PPA) awarded to the company following the 2011 Brazilian New Energy public tender.
This is the first wind facility in Brazil which will be combined with other energy sources. In January 2015 construction of two solar parks with an overall capacity of 11 MW will start in the same area as the Fontes dos Ventos wind farm. Once up and running, the solar parks will be able to generate over 17 million kWh a year, which will add to the output of the wind farm.
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, the Americas and Africa. With an annual generation capacity exceeding 30 billion kWh from water, sun, wind and the Earths heat - enough to meet the energy needs of more than 10 million households, 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 September 30th, 2014, the company has an installed capacity of approximately 9,500 MW from a mix of sources including wind, solar, hydroelectric, geothermal and biomass. The company has about 750 plants operating in 16 countries.
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