Enel Green Power sells its subsidiary active in the development, construction and operation of wind farms to Boralex EnR, for a total consideration of 298.4 million euros, and exits the French renewables market.
This transaction is part of Enel Green Powers strategy to optimize its portfolio and leverage on current opportunities in a number of countries with greater potential for development.
Enel Green Power sells its 36.2% stake in La Geo to state-owned INE that already owns 63.8% of the company
The Italian renewable company cashes in 280 million USD and closes operations in the country
The loan arranged by IFC will cover part of the investment to construct over 260 MW from wind power in Brazil.
The Taltal wind farm has an installed capacity of 99 MW and can generate up to around 300 GWh each year
Construction involved a total investment of around 190 million US dollars
The Company has been awarded energy supply contracts with a wind project located in north-eastern Brazil
The new project will add further 114 MW to the 490 MW of wind capacity Enel Green Power already obtained in previous Brazilian public auctions since 2010
Construction of the new project requires an overall investment of approximately 250 million US dollars
The loan, covered by Spanish Export Credit Agency CESCE, supports the investment in the Dominica I wind farm in Mexico
Enel Green Power has begun construction of a plant powered with locally sourced forest biomass that will supplement the output of the Cornia 2 geothermal plant
The 5 MW biomass plant will boost the geothermal plants annual output by 37 GWh, avoiding the emission of an additional 17 thousand tonnes of CO2 per year
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Installed capacity from renewables is 9,584 MW, produced by over 741 plants in 16 countries
The gradual rise in global temperatures and the instability of fossil fuel markets are driving the development of solar power throughout the world, particularly in the area of photovoltaic technologies
EGP's guidelines call for the design of layouts that are environmentally compatible, with an appropriate number of wind turbines for the area concerned
EGP's know-how has made the company a world leader in the development of this clean, renewable and cost-effective source of energy
Italy is where geothermal energy was used for the first time for industrial purposes, and the country remains one of the leading producers of geothermal electricity
The exploitation of biomass is an important chapter in Europe's development of renewable energy