ENEL GREEN POWER: TWO LONG-TERM AGREEMENTS TO SUPPLY WIND ENERGY IN MEXICO
Long-term Power Purchase Agreements (PPA) signed with Delphi and Banamex for an overall amount of approx. 485 million U.S. dollars
The energy sold will come from the Dominica 100 MW wind farm that Enel Green Power will start building in coming months in the Mexican state of San Luis Potosí, requiring an estimated investment of 196 million U.S. dollars
Rome/Mexico City, July 18th, 2013 Enel Green Power, through its subsidiaries Impulsora Nacional de Electricidad S.de R.L. de C.V. and Dominica Energia Limpia S.de R.L. de C.V (Dominica Energia Limpia) has reached two power purchase agreements (PPA) with Delphi Automotive PLC, a leading automotive supplier, and with Banamex, one of Mexicos largest banks.
The long-term supply contracts are worth around 485 million U.S. dollars. The energy sold will be generated at the new Dominica wind farm that Enel Green Power, through Dominica Energia Limpia, will start to build in coming months in the Mexican state of San Luis Potosí, requiring an estimated investment of 196 million U.S. dollars.
The new wind farm will have an installed capacity of 100 MW and a load factor of more than 30%, thereby avoiding the emission of 157 thousand tonnes of CO2 into the atmosphere.
Enel Green Powers installed capacity in Mexico currently amounts to an approximate 197 MW of which 144 MW from wind and 53 MW from hydro.
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 and the Americas. The company generated more than 25 billion kWh in 2012 from water, sun, wind and the Earths heat - enough to meet the energy needs of approximately 10 million households and avoid the emission of over 18 million tonnes of CO2 into the atmosphere. 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. The Company has an installed capacity of more than 8,000 MW from a mix of sources including wind, solar, hydroelectric, geothermal, and biomass. Currently, the company has over 700 operational plants in 16 countries in Europe and the Americas.
In Latin America, Enel Green Power runs renewable energy plants in Mexico, Costa Rica, Guatemala, Panama, Chile and Brazil for a total installed capacity of 990 MW as of today. In the wind sector, the company is currently building wind farms in Brazil for a total capacity of around 283 MW and has 24 MW installed wind capacity in Costa Rica, 144 MW in Mexico and 90 MW installed in Chile, where the company is also constructing the 90 MW Valle de los Vientos wind farm. With its century-long experience in the field of geothermal energy, Enel Green Power is developing new opportunities in this sector. In Chile, in particular, the company is exploring several concessions for a potential capacity exceeding 100 MW.
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