Santiago, 8 May 2009 - Enel Green Power, through its subsidiary Enel Latin America (Chile) Limitada, has signed a project development agreement with SoWiTec Energias Renovables de Chile Ltda, an affiliate of the German developer SoWiTec international GmbH, to develop several wind power projects in Chile for a total capacity of up to 850 MW.
Through this agreement Enel will have exclusive access to several wind power projects being developed by SoWiTec, as well as the right to acquire these projects once they are fully authorised. The projects have a preliminary capacity ranging between 60 to 150 MW and are located in the northern electrical system (SING) and central electrical system (SIC) of Chile, in areas presenting good wind potential.
Thanks to this agreement, Enel will further increase its presence in the promising Chilean renewable energy market characterized by an interesting wind potential to be exploited in the coming years.
Enel Green Power is already present in Chile since 2001 where it operates 2 hydro plants for a total installed capacity of 90 MW and has several geothermal concessions under exploration, in partnership with ENAP (Empresa Nacional del Petroleo); one of them, the estimated 40 MW Quebrada del Zoquete project located in Region II of Antofagasta, is actually in deep exploration phase with an expected commercial operation date in 2012.
Enel Green Power is the Enel Groups company, aimed at developing and operating power generation from renewable sources in Italy and around the world. The company business incorporates all of Enels activities in the wind, solar, geothermal, run-of-the-river hydroelectric and biomass fields in Europe, North America and Latin America with a total installed capacity of nearly 4,500 MW and 17, 2 TWh of produced energy in 2008.
SoWiTec international GmbH is a German wind developer active in developing greenfield power projects in Germany, France, Mexico, Brazil, Argentina, Uruguay, Chile and Peru.