Italy's Enel wins wind farm projects in Brazil

Aug 19, 2011
A view of a wind farm in Velva, North Dakota. Enel Green Power, the renewable energy arm of Italian giant Enel, has won three wind farm projects totalling 193 megawatts in Brazil's 2011 New Energy Auction, the company said in a statement.

Enel Green Power, the renewable energy arm of Italian giant Enel, has won three wind farm projects totalling 193 megawatts in Brazil's 2011 New Energy Auction, the company said in a statement Friday.

The estimated total investment for the three projects is approximately 330 million euros (476 million dollars).

The company described the deals as "a significant step forward in the deployment of its growth strategy in Latin America", and said the projects were expected to be operational by 2014.

The three , located in the northeast of Brazil in Rio Grande do Norte, Pernambuco and Bahia, "will be able to generate up to 770 GWh per year, enough to serve as many as 500,000 households in Brazil," the statement said.

According to Enel, the demand for power in Brazil is growing at an annual rate of approximately five percent.

"This is an important step forward in our strategy to develop high quality projects in a fast growing and environment as the Brazilian one," Enel Green Power head Francesco Starace was quoted as saying.

Explore further: Matched 'hybrid' systems may hold key to wider use of renewable energy

add to favorites email to friend print save as pdf

Related Stories

AES wind farm kicks off in Bulgaria

Oct 06, 2009

AES Geo Energy, a Bulgarian unit of US energy giant AES Corporation, launched on Tuesday the largest 156-megawatt wind farm in Bulgaria, the company said.

Recommended for you

Are electric cars greener? Depends on where you live

23 hours ago

Long thought a thing of the future, electric cars are becoming mainstream. Sales in the United States of plug-in, electric vehicles nearly doubled last year. Credible forecasts see the number rising within ...

Building a better battery

Nov 25, 2014

Imagine an electric car with the range of a Tesla Model S - 265 miles - but at one-fifth the $70,000 price of the luxury sedan. Or a battery able to provide many times more energy than today's technology ...

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Nanobanano
3 / 5 (2) Aug 19, 2011
This will pay for itself in about 2 years. Then they could cut rates in half...forever...

throughout the roughly 30 year life expectancy of individual turbines, they should be at least 15 to 30 times as cost-effective as coal fired power...

Considering also that much of this startup costs is the cost of running transmission lines and so forth, maintenance, repairs, and replacement costs will be lower in the future than the initial startup costs.

Glenn Beck was such a moron.

Republicans and Tea Party are also morons.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.