Enel S.p.A. (Rome, Italy), through its
subsidiary Enel Green Power Brasil Participações Ltda. (EGPB), has
started construction of the 292 MW Nova Olinda solar photovoltaic (PV)
power plant in Brazil which, once completed, will be the largest in
Latin America.
Once completed, the new PV facility, which
will cover an area of 690 hectares, will have a total installed capacity
of 292 MW and will be able to generate more than 600 GWh of solar power
per year.
Nova Olinda, which is owned by four special purpose
vehicles (SPV) held by EGPB, is located in Ribeira do Piauí in Brazil’s
north-eastern state of Piauí, the company notes.
The construction of this new facility builds upon
EGPB’s leading renewable energy presence in Brazil, where the company
already runs the country’s largest solar plant currently in operation,
Fontes Solar (11 MW), and is building Ituverava (254 MW), which will be
Brazil’s second largest solar project.
“The start of construction of Nova Olinda is another
step forward for our Group in Brazil, confirming our leadership in the
country’s solar market,” stated Carlo Zorzoli, Enel’s Country Manager
for Brazil.
“The Brazilian government has developed an
attractive and well-structured auction process, and our success in the
country has been built upon our market-leading technology, our excellent
financing, and a reputation for sustainable stakeholder engagement. We
look forward to continuing to invest in order to grow strongly in the
country’s energy sector.”
Enel to invest approximately USD 300 million
Nova Olinda will be built in an area with high
levels of solar radiation and will make a significant contribution to
meet country’s increasing energy demand.
Enel will be investing approximately USD 300 million
in the construction of Nova Olinda, as part of the investments foreseen
in the company’s current strategic plan. The project, which is financed
through Enel Group’s own resources, is expected to enter into service
in the second half of 2017.
20-year PPA
The PV plant will be supported by a 20-year power
purchase agreement (PPA) that provides for the sale of the energy
generated by the plant to the Brazilian Chamber of Commercialisation of
Electric Energy (Câmara de Comercialização da Energia Elétrica, CCEE).
Enel Group was awarded the PPA following the “Leilão
de Reserva” public tender in August 2015 together with the right to
sign PPAs for the Horizonte (103 MW) and Lapa solar parks (158 MW),
becoming the Brazilian solar industry’s top player in terms of installed
capacity and project portfolio.
source: http://www.solarserver.com
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