The Enel Group has been awarded two contracts for the 20-year supply of power from two new wind farms of 115 MW and 30.6 MW in a tender by the Alberta Electric System Operator
Overall investment in the two wind farms amounts to approx. 170 million US dollars
The two wind farms are expected to enter into service by 2019
Rome - Alberta, December 14th, 2017 - Enel S.p.A. (“Enel”), through its US-based renewables subsidiary Enel Green Power North America, Inc. (“EGPNA”), has been awarded two 20-year Renewable Energy Support Agreements (“RESAs”) for 146 MW1 of new wind capacity in Alberta, Canada, in a tender launched by the Alberta Electric System Operator (“AESO”). In line with the two agreements, Enel will build two new wind facilities, the 115 MW Riverview Wind project and the 30.6 MW Phase 2 of Castle Rock Ridge wind farm, to supply their power output and renewable energy credits to AESO. The overall investment in the construction of the two wind farms amounts to approximately 170 million US dollars.
“This Canadian award is a major milestone for our company, as it is the first regulated renewables tender we have ever won in the Country,” said Antonio Cammisecra, Enel’s Head of Global Renewable Energies Division Enel Green Power (“EGP”). “We are thrilled to be investing once again in the Canadian energy economy and to continue our growth here in Alberta. We have experienced unprecedented development in North and Central America from Canada to the USA and Mexico over the last years and this award is yet another example of our success and global competitiveness.”
Riverview Wind and Phase 2 of Castle Rock Ridge, which is an expansion of EGPNA’s existing 76.2 MW Castle Rock Ridge wind farm, are both located in Pincher Creek, Alberta and are due to enter into service by 2019. Once operational, the two facilities are expected to generate around 555 GWh per year. EGPNA’s award will more than double the company’s capacity in Canada, which currently stands at more than 103 MW.
AESO has launched this first tender under their Renewable Electricity Program, which was established as part of the Government of Alberta’s Climate Leadership Plan aimed at creating a cost-efficient, cleaner and increasingly reliable energy system. The Program calls for the development of 5,000 MW of renewable electricity generation capacity connected to the Alberta grid by 2030.
In Canada, EGP already operates two wind facilities, the aforementioned 76.2 MW Castle Rock Ridge wind farm in Pincher Creek, which began operations in 2012, and the 27 MW St. Lawrence wind farm in Newfoundland, which began operations in 2009.
Enel Green Power, the renewable energies division of the Enel Group, is dedicated to the development and operation of renewables across the world, with a presence in Europe, the Americas, Asia, Africa and Oceania. Enel Green Power is a global leader in the green energy sector with a managed capacity of nearly 40 GW across a generation mix that includes wind, solar, geothermal, biomass and hydropower, and is at the forefront of integrating innovative technologies into renewable power plants.
EGPNA is present in 23 U.S. states and two Canadian provinces with more than 3.6 GW of managed capacity spread across four different renewable energy technologies: wind, solar, geothermal and hydropower.
1 More precisely, 145.6 MW
Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014