EGP keeps growing with new plants in Europe and North America
At present, wind capacity installed in Europe is the highest worldwide, and Enel confirms its leadership in this continuous development process.
Enel Green Powers wind energy is constantly growing, with new plants and investment projects worldwide.
Recently, the first 40 MW of the Portoscuso wind farm came online. With its 90 MW this plant in Sulcis Iglesiente, Sardinia, will be the largest Enel Green Power wind farm in Italy. When completed it will be able to produce 185 million kW per year, equivalent to the energy needs of 70,000 households, and will save more than 130,000 tons of CO2.
Also in October, Enel Green Power, through its subsidiary Enel Green Power International BV (EGPI) signed with the Export Credit Agency of the Danish government and Citigroup a 12-year financing contract worth 112 million euros. This financing, whose interest rate is lower than the benchmark rate, thanks to the guarantee issued by EKF, will be used to cover part of the investments required to build and expand Enel Green Power Romanias plants of Moldova Noua and Corugea (118 MW).
At present, wind capacity installed in Europe is the highest worldwide, and Enel confirms its leadership in this continuous development process, with a total capacity of about 490 MW and a production exceeding 400 million kWh.
In North America, together with its development partner TradeWind Energy, Enel Green Power has taken action towards the construction of the Rocky Ridge wind farm, 51% of which is owned by EGP-NA, in the counties of Kiowa and Washita, in Oklahoma. The plant can provide enough energy to meet the needs of 55,000 households, saving more than 470,000 tons of CO2 per year. The plant should come online in the summer of 2012, and the total investment amouts to some 250 million dollars.