- The 300 MW Diamond Vista wind project will sell its power to three offtakers including global manufacturing company Kohler Co.
- The new wind facility, which will involve an investment of approx. 400 million US dollars for its construction, further confirms Enel as the largest wind operator in Kansas in terms of capacity
Rome, March 6th, 2018 – Enel, through its US renewable energy company Enel Green Power North America, Inc. (“EGPNA”), has started construction of Diamond Vista wind farm, which will have an installed capacity of around 300 MW and will be located in Marion and Dickinson Counties, in Kansas. Once completed, Diamond Vista will further secure Enel’s position as the largest wind capacity operator in the state with approximately 1,400 MW of operational wind energy.
“The start of construction of Diamond Vista, which follows a record year of growth in 2017 for Enel Green Power in the US, sends a strong message about our ability to deliver on the company’s commitment to further strengthen its renewable leadership,” said Antonio Cammisecra, Head of Enel’s Global Renewable Energies division, Enel Green Power. “Furthermore, this project confirms us as a partner of choice for offtake customers who, like Enel, are committed to advancing a sustainable energy future. We are proud to be able to support their renewable goals through a cost-effective energy supply.”
Investment in the construction of Diamond Vista amounts to approximately 400 million US dollars and is part of the investment outlined in the Enel Group’s current strategic plan. The project is financed through the Enel Group’s own resources. The project is expected to enter into service by the end of 2018 and, once fully operational, will be able to generate around 1,300 GWh annually.
The power and renewable energy credits from a 100 MW portion of Diamond Vista will be sold to global manufacturing company Kohler Co. under a bundled, long-term power purchase agreement (PPA). The wind energy will supply 100% of the annual electricity needed to power Kohler’s US and Canadian operations, including its 85 manufacturing facilities, offices and warehouses, and will reduce Kohler’s global greenhouse gas emissions by more than 25%. The project is supported by two additional bundled long-term PPAs under which the power and renewable energy credits from another 100 MW portion will be sold to City Utilities of Springfield and those from the 84 MW portion to Tri-County Electric Cooperative of Oklahoma.
The facility is owned by EGPNA’s subsidiary Enel Green Power Diamond Vista Wind Project, LLC. EGPNA acquired the project from Tradewind Energy, their long-term strategic development partner, headquartered in Kansas.
In Kansas, Enel operates five additional wind farms, Smoky Hills I & II, Caney River, Buffalo Dunes and the company’s largest wind farm globally, the 400 MW Cimarron Bend wind farm.
EGPNA, part of the Renewable Energies division of the Enel Group, is a leading owner and operator of renewable energy plants in North America with projects operating and under development in 23 U.S. states and two Canadian provinces. EGPNA operates around 100 plants with a managed capacity exceeding 4.2 GW powered by renewable hydropower, wind, geothermal and solar energy. In 2017, the company was the fastest growing renewable energy company in the US, bringing approximately 1.2 GW of capacity online. The company is currently the largest wind operator in Kansas and Oklahoma.
Enel Green Power, the renewable energies division of the Enel Group, is dedicated to the development and operation of renewables across the world, with a presence in Europe, the Americas, Asia, Africa and Oceania. Enel Green Power is a global leader in the green energy sector with a managed capacity of around 40 GW across a generation mix that includes wind, solar, geothermal, biomass and hydropower, and is at the forefront of integrating innovative technologies into renewable power plants. Through corporate power purchase agreements, Enel Green Power enables companies to capture business value, while also tackling climate change.
Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014