EGP will be investing a total of approx. 220 million US dollars to construct the Serra Azul complex
Rome, March 2nd, 2015 Enel Green Power has begun construction on the Esperança wind farm, the final segment of the Serra Azul wind complex, north of Bahia in north-eastern Brazil.
With a total installed capacity of 118 MW, Serra Azul will be able to generate more than 500 GWh of electricity a year once fully operational, equal to the consumption needs of about 320 thousand Brazilian households. This power output will avoid the atmospheric emission of around 53 thousand tonnes of CO2.
The energy generated by the wind complex will be sold through power supply contracts mainly on the regulated market.
The overall wind complex, held by Parque Eolico Serra Azul Ltda, a subsidiary of Enel Brasil Partecipaçoes Ltda, will be completed and enter service by the end of 2015.
Enel Green Power will be investing a total of approximately 220 million US dollars to construct the Serra Azul wind complex, in line with the growth targets set out in EGPs 2014-2018 business plan. Said investment is partially financed with a loan from IFC, the International Finance Corporation, a member of the World Bank Group, as well as with a loan from Itaù Unibanco SA. Both loans are related to the construction of wind farms in north-eastern Brazil.
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 equal to, approximately, 32 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 today, the company has an installed capacity of approximately 9,600 MW from a mix of sources including wind, solar, hydroelectric, geothermal and biomass. The company has about 740 plants operating in 15 countries.
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