Enel to build $400m renewable energy projects in Peru
Enel Green Power (EGP), through its subsidiary Enel Green Power Peru, has received rights to build 326MW of renewable energy projects in Peru.
The company has secured right to sign 20-year energy supply contracts for 126MW Nazca wind power, 180MW Rubi solar PV and 20MW Ayanunga hydro projects, after completion of tender launched by the Peruvian Government through the energy regulator Osinergmin.
Enel said that the contracts mark its entry into Peru market.
EGP CEO Francesco Venturini said: "These results also illustrate how renewable energy can be competitive with traditional generation even in geographies where its development is still in the early stages.
"Renewables provide diversification in a country's energy mix, making the energy system more resilient and better focused on addressing the challenges posed by climate change."
Enel plans to will build the Nazca wind project in the Marcona district to generate about 600 GWh per year while reducing CO2 emissions of around 370,000 tons.
Planned to be built in the Moquegua district, the Rubi solar PV project will generate approximately 440GWh per year and reduces CO2 emissions of around 270,000 tons.
Additionally, the Ayanunga hydro project will be built in the Monzón district. It is expected to generate about 140GWh of clean power annually.
Scheduled to be commissioned by 2018, the projects are expected to contribute to the country's plan to increase renewable power generation share by up to 5% by 2018 from the current 2%.