Enel’s subsidiary Enel Green Power Brasil ParticipaÃ§Ãµes (EGPB) has began operations of its 103 MW Horizonte solar energy plant, positioned within the north-eastern Brazilian state of Bahia.
Enel invested roughly $110m within the building of Horizonte, as a part of the investments foreseen within the firm’s present strategic plan, and is financed by way of Enel Group’s personal sources, in addition to long-term financing supplied by Banco do Nordeste.
The photo voltaic park is supported by a 20-year energy buy settlement (PPA) with the Brazilian Chamber of Commercialisation of Electric Energy (CÃ¢mara de ComercializaÃ§Ã£o da Energia ElÃ©trica, CCEE).
The Horizonte photo voltaic facility is comprised of virtually 330,000 photo voltaic panels and can have the ability to produce greater than 220 GWh per yr as soon as totally operational.
Enel Green Power head Antonio Cammisecra stated: “The entry into service of Horizonte marks a brand new milestone for the Group’s presence within the Brazilian photo voltaic market, the place in simply over eight months we added 4 tasks for a complete capability of 807 MW, which embrace South America’s largest PV facility presently in operation, Nova Olinda.
In line with the Enel Group’s Creating Shared Value (CSV) mannequin, which goals to mix enterprise improvement and area people wants, EGPB has carried out initiatives to allow earnings technology for the communities neighbouring the plant, resembling artistic workshops for the manufacturing of furnishings from recycled supplies utilized in building works.
In the state of Bahia, EGPB already operates 706 MW of wind capability and 515 MW of photo voltaic capability, which embrace, along with Horizonte, the 254 MW Ituverava and the 158 MW Lapa photo voltaic parks.
Energy Business Review stories that the Enel Group, by way of its subsidiaries EGPB and Enel Brasil, has a complete put in renewable capability of practically 2.9 GW in Brazil, of which 842 MW comes from wind energy, 819 MW from photo voltaic PV and 1270 MW from hydro.