Construction of Drift Sand requires a total investment of approximately 180 million US dollars
Rome, January 15th, 2016 Enel Green Power S.p.A. (EGP) announced today that the company has started constructing its new 108 MW Drift Sand wind project in Oklahoma.
The wind farm, which is owned by Drift Sand Wind Project, LLC, a subsidiary of Enel Kansas, LLC held by Enel Green Power North America, Inc. (EGPNA), is expected to be completed and enter into service by the end of 2016. Once fully operational, the facility will be able to generate around 480 GWh annually, providing enough energy to power the equivalent of more than 39,000 U.S. households.
With the start of yet another construction site we continue to solidify our companys ongoing investment in the U.S., said Francesco Venturini, CEO and General Manager of Enel Green Power. Looking to the future, EGP is well positioned to be a leading player in the ongoing growth in the renewable energy market in the U.S. We will play an active role through the implementation of our business strategy, which is focused on technology diversification, innovation and development of strategic partnerships.
The construction of Drift Sand requires an investment of approximately 180 million US dollars and is part of the investments foreseen in the companys current business plan. The project is financed through the Enel Green Power Groups own resources and all of the power and renewable energy credits from Drift Sand will be sold under a bundled, long-term power purchase agreement.
The Drift Sand wind project is located in Grady County, Oklahoma. EGP-NA operates six wind farms in Oklahoma, with a total capacity of close to 1 GW.
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 operates in North America through Enel Green Power North America, Inc. (EGPNA), which owns and operates over 95 plants in 21 U.S. States and two Canadian provinces. As of today, the company has a total installed capacity of more than 2,300 MW. Such a capacity base is diversified across four generation technologies, namely wind, geothermal, solar and hydro.
All Enel Green Power press releases are also available in smartphone and tablet versions. You can download the Enel Corporate App at Apple Store.
For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”).
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.