Enel to build 339MW solar power project in Spain
August 01, 2017 – Italian energy company Enel, through its subsidiary Enel Green Power España (EGPE), has won a tender to develop 339MW solar plants in Spain.
The tender is part of government of Spain’s clean energy target to generate 20% or 3GW of its energy from renewable resources by 2020.
Enel will invest approximately €270m for the construction of the solar plants, which will produce about 640GWh of clean energy per annum and help to thwart the emission of almost 384,000 tonnes of CO2.
Located in Murcia and Bajadoz regions, the solar plants are likely to become operational in 2019.
The Spanish government will provide incentives through yearly capacity payments that can guarantee a steady return for the investment over a 25-year period or the life time of the facilities.
Enel Global Renewable Energies head Antonio Cammisecra said: “This new milestone confirms our commitment to green energy in Spain, a country which continues to offer growth opportunities for our renewable projects.
“Together with the wind capacity awarded in May, this 339MW of solar capacity will bolster our renewable footprint in Spain, while also contributing to the country’s push to achieve its green energy goal.”
EGPE, a fully-owned subsidiary of Endesa Generación, operates nearly 1,675MW of capacity in Spain, of which 1,618MW comes from wind, 43MW from hydropower and 14MW from other renewable energy sources like solar and biomass.