EGP will be investing a total of approx. 180 million US dollars in construction of the plant
Rome, May 4th, 2015 Enel Green Power (EGP) has begun construction of the new Carrera Pinto solar photovoltaic power park in Chile.
With a total installed capacity of 97 MW, once fully operational the new plant, will be able to generate more than 260 GWh per year, equivalent to the annual electricity consumption of almost 122,000 Chilean households, and will avoid the annual emission of more than 127,000 tonnes of CO2 into the atmosphere.
The solar park is located in the Atacama region and owned by Parque Solar Carrera Pinto S.A., a subsidiary of Enel Green Power Chile Ltda. It will be completed and enter service in the second half of 2016.
EGP will be investing a total of approximately 180 million US dollars in the construction of the facility in line with the growth targets set out in EGPs current business plan. The business is financing the projects with its own resources.
The project will be supported by a long-term power purchase agreement (PPA) with Empresa Nacional de Electricidad SA (Endesa Chile). The energy generated by the plant will be delivered to SIC (Sistema Interconectado Central), Chiles Central Region Transmission Network.
In Chile, EGP runs the Talinay Oriente, Valle de los Vientos, Taltal and Talinay Poniente wind farms, which have an overall installed capacity of 340 MW, the Diego de Almagro (36 MW), Lalackama (60 MW) and Chañares (40 MW) solar power facilities. The company also runs the Pullinque and Pilmaiquen hydropower plants, which have an overall installed capacity of 92 MW. The business is also active in the geothermal sector, where it is exploring a number of concessions that have a potential installed capacity of over 100 MW.
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 and Africa. With an annual generation capacity equal to approximately 32 billion kWh from water, sun, wind and the Earths heat enough to meet the energy needs of more than 10 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. As of today, the company has an installed capacity of approximately 9,600 MW from a mix of sources including wind, solar, hydropower, geothermal and biomass. The company has about 740 plants operating in 15 countries.
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