Latin America is a key area for Enel's development, and in its Business Plan 2015-2019 the company has allocated considerable investments to increase its capacity in this continent. Mexico's market is one of the fastest-growing, and here Enel Green Power has an installed capacity of 399 MW (of which 346 MW from wind and 53 MW from hydro) and is building the Dominica II wind farm. At the beginning of March Enel's company for renewable energy completed and grid-connected its new Sureste I-Phase II wind farm, in the state of Oaxaca, which has required a total investment of almost 160 million US dollars.
These figures confirm the important role that the Enel Group plays in the ambitious development plan for renewable energy drawn up by the Mexican Government. The aim is to radically change the country's energy model (currently 80 percent of its consumption comes from fossil fuels), raising to 33 percent the renewable share in the energy mix of electricity generation from renewable resources. An amount of green energy that is almost twice the current one (17 percent) driven by wind power, whose installed capacity will triplicate from the present approximate 2.5 GW to 9.5 GW. Car-building will also ideally be 'run' on EGP wind power, thanks to an agreement signed with General Motors for the construction of a 34 MW plant in Toluca, which will generate electricity to power the manufacturing activity of the automotive company's local works.
“Mexico is a country that is enjoying full growth and that has a great energy potential, especially in the field of renewables. The Enel Group has been present in this country since 2007 and has invested around 1,000 million dollars there”, states Enel Green Power's Latin America Head Maurizio Bezzeccheri, interviewed while attending the conference Presence and Development of Italian Companies in Mexico that was recently organised in Milan by PricewaterhouseCoopers together with the Italian Embassy in Mexico and other institutions committed to Italo-Mexican relations. “EGP has a number of projects in the pipeline, in particular in the wind power sector, which will accompany the population expansion and the growth prospects of domestic and industrial energy consumption”.
However, the synergy between Enel and Mexico is not limited to the development of wind power. At the beginning of 2014 a Memorandum of Understanding was signed with the Instituto de Investigaciones Electricas (the Mexican research institution for the electricity sector), for cooperation in geothermal generation and smart grids. More recently Enel was selected by the Mexican public company that supplies oil and gas Pemex to develop a 517 MW electricity and 850 tonnes per hour of steam cogeneration plant in cooperation with the International company Abengoa. The project will help the Mexican Government to achieve its plan to halve greenhouse emissions by 2050.