- Category: Business
11 May 2009
- Published on Monday, 11 May 2009 07:55
- Hits (2058)
Italy’s largest power company, Enel Green Power, has announced that its subsidiary, Enel Latin America (Chile) Limitada, has entered into a project development agreement with SoWiTec Energias Renovables de Chile Ltda., an affiliate of SoWiTec international GmbH, to develop up to 850 megawatts (MW) of wind power projects in the northern and central regions of Chile.
Under the terms of the agreement, Enel will have exclusive access to several wind projects developed by SoWiTec, with an initial capacity ranging between 60 MW and 150 MW. Once these projects have been fully authorized, Enel will have the right to acquire them. The wind projects will be located in the northern electrical system (SING) and the central electric system (SIC) of the country, since these are areas with good wind potential.
The agreement with SoWiTec will further strengthen Enel’s position as a leader in the renewable energy market in Chile. The company already operates two hydro plants with a total installed capacity of 90 MW. Enel has also partnered with Empresa Nacional del Petroleo (ENAP) for several geothermal exploration projects in the country. Its most advanced project, the Quebrada del Zoquete project in Region II of Antofagasta, is already in deep exploration phase and is scheduled to be fully operational in 2012. The Quebrada project will have an estimated capacity of 40 MW.
Enel Green Power is the renewable arm of the Enel Group, the largest power company of Italy. The company operates a wide range of hydroelectric, thermoelectric, nuclear, geothermal, wind power, photovoltaic, and biomass power stations, with a total installed capacity of around 4,500 MW worldwide.
Founded in 1993, SoWiTec international GmbH is a German renewable energy company that has developed over 30 wind power projects in Germany by 2007. The company also has operations in France, Mexico, Brazil, Argentina, Uruguay, Chile, and Peru.
- Natassia Y. Laforteza