Following the "Leilão de Reserva" public tender in Brazil, Enel Green Power has been awarded the right to sign 20-year energy supply contracts in that country for a total of 344MW of wind and photovoltaic capacity.
Specifically, with the "Ituverava" project, the Company was awarded 254MW of photovoltaic capacity, equivalent to 24% of the total projects awarded within the framework of the first public tender dedicated to solar energy at national level. The project will be constructed in the north-eastern part of the country, in the state of Bahia, an area known for the high level of solar radiation it receives.
The two plants will require a total investment of approximately 600 million US dollars to build, of which around 400 million US dollars for the photovoltaic project and around 200 million US dollars for the wind project. Once up and running, the two plants will be able to generate up to some 900GWh per year of sustainable energy, thereby helping to meet Brazil's high demand for new energy, which is forecast to grow at an average annual rate of 4% through 2020.
The 20-year supply contracts awarded to Enel Green Power envisage the sale of specified volumes of energy generated by the two plants to the Brazilian Chamber of Commercialization of Electric Energy (CCEE – Camara de Comercializaçao da Energia Eletrica).