EGP invested an overall total of approximately 310 million US dollars in the construction of Goodwell
Rome, December 9th, 2015 Enel Green Power S.p.A. (EGP) has brought online the 200 MW Goodwell wind farm located in Texas County, Oklahoma.
"Oklahoma is one of the best places in the world for wind resources," said Francesco Venturini, CEO and General Manager of Enel Green Power. The Goodwell facility is the fifth wind farm that EGP has brought into operation since entering the Oklahoma market in 2012. The project underscores EGPs ongoing investment in the state and in the U.S. renewable energy market. We are rapidly progressing on our capacity expansion targets coupled with community initiatives including infrastructure and education to ensure that we deliver truly sustainable development in every region in which we are present.
The construction of Goodwell wind farm, which is owned by Goodwell Wind Project, LLC, a subsidiary of Enel Green Power North America, Inc. (EGPNA), is the result of a total investment of approximately 310 million US dollars, in line with the companys growth targets set out in its current business plan. In July 2014, EGPNA signed a capital contribution agreement with a consortium led by J.P. Morgan thus securing partial financing for the project.
As one of the largest wind farms in the EGPNA portfolio, the Goodwell plant is expected to generate approx. 860 million kWh annually, enough to meet the energy needs of over 73,000 US households and avoid the emission of nearly 450,000 tons of CO2 into the atmosphere each year.
The Goodwell wind farm is supported by a 20-year power purchase agreement.
Enel Green Power is the Enel Group Company fully dedicated to the international development and management of renewable energy sources, with operations in Europe, the Americas, Africa and Asia. With a generation capacity that corresponds to approximately 32 billion kWh in 2014 from water, sun, wind and the Earths heat enough to meet the energy needs of more than 11 million households Enel Green Power is a world leader in the sector thanks to its well-balanced generation mix that provides generation volumes well over the sector average. The company has an installed capacity of more than 10,000 MW from a mix of sources including wind, solar, hydropower, geothermal and biomass. The company has about 740 plants operating in 16 countries.
Enel Green Power in USA - Enel Green Power operates in North America through Enel Green Power North America, Inc. (EGPNA), 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 2,200 MW. Such a capacity base is diversified across four generation technologies, namely wind, geothermal, solar and hydro.
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