Enel Green Power invested approximately 160 million US dollars in the construction of the wind farm
Rome, March 4th, 2015 Enel Green Power has completed and connected to the grid Sureste I-Phase II wind farm, located in the state of Oaxaca, Mexico.
The wind farm consists of 34 turbines of 3 MW each, for a total installed capacity of 102 MW and is able to generate approximately 390 GWh per year. Sureste I-Phase II will deliver the energy produced to the Mexican national electricity grid through the nearby Ixtepec Potencia substation.
Enel Green Power was awarded the right to build Sureste I-Phase II through the public tender for External Energy Producers held by the Comisión Federal de Electricidad (CFE). A 20-year power purchase agreement (PPA) is associated to the project.
Enel Green Power invested approximately 160 million US dollars in the new wind farm, which contributes towards the growth targets set out in the companys business plan for 2014-2018.
In June 2013, Enel Green Power, acting through Enel Green Power Mexico S. de R.L. de C.V., signed a 100 million US dollar loan with the BBVA Bancomer Group, a part of which was used to finance the construction of the Sureste I-Phase II wind farm, which is held by Energías Renovables La Mata, S.A.P.I. de C.V., a subsidiary of Enel Green Power Mexico S. de R.L. de C.V.
With Sureste I-Phase II, Enel Green Power installed capacity in Mexico now totals 399 MW, of which 346 MW of wind power and 53 MW of hydro.
Enel Green Power is the Enel Group company fully dedicated to the development and management of renewable energy sources at the international level, with operations in Europe, the Americas and Africa. With an annual generation capacity equal to, approximately, 32 billion kWh from water, sun, wind and the Earths heat - enough to meet the energy needs of more than 10 million households, Enel Green Power is a world leader in the sector thanks to its well-balanced generation mix, providing generation volumes well over the sector average. As of today, the company has an installed capacity of approximately 9,600 MW from a mix of sources including wind, solar, hydroelectric, geothermal and biomass. The company has about 740 plants operating in 15 countries.
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