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Enel proceeds with 133-MW solar expansion in Brazil

The first module installed as part of the Magdalena II project in Mexico. Source: Enel Green Power

August 21 (Renewables Now) - The Brazilian renewables arm of Italian energy major Enel SpA (BIT:ENEL) has broken ground on the 133-MW expansion of its Sao Goncalo solar park in the state of Piaui that will bring the plant’s total capacity up to 608 MW.

Enel Green Power Brasil Participacoes Ltda (EGPB) will invest about BRL 422 million (USD 105m/EUR 94.5m) in the project. The company says that the overall facility is the largest photovoltaic (PV) plant currently under construction in South America. At the same time, the expansion will be Enel’s first solar park in Brazil to use bifacial solar modules.

“The plant will dedicate a significant portion of its output, including the entire production from its new expansion, to Brazil’s free energy market, which is increasingly attractive to renewable investors,” said Antonio Cammisecra, head of Enel Green Power.

The main plant will have a capacity of 475 MW upon completion. Of that, 210 MW plus the 133-MW expansion are supported by power supply contracts with corporate customers in the Brazilian free energy market. The remaining 265 MW are contracted for 20 years with a pool of distribution companies operating in the country’s regulated market.

Enel expects the entire plant to enter into service next year, at which point it will have the total capacity to generate over 1,500 GWh per year.

The company’s Brazilian units currently have a total installed renewable energy capacity of more than 2.4 GW, including 782 MW from wind and 370 MW from solar PV.

(BRL 1.0 = USD 0.249/EUR 0.224)

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Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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