Enel reaches agreements for portfolio of solar plants
Enel Green Power España has secured the rights to develop a 339 MW suite of solar power plants across Spain. The agreement was part of the Spanish government's plan to use renewables for 20% of its energy consumption by 2020. The investment will cost roughly €270m ($317m). The company also announced through its subsidiary that they have reached an agreement to develop a 90 MW photovoltaic project in Ribera do Piauí, in North-eastern Brazil.
Through its subsidiary Enel Green Power España (EGPE), Enel Group has secured a deal to develop a 339MW portfolio of solarpower plants in Spain.

The deal was awarded following the closing of a tender that aimed to collect 3,000MW of energy from renewable sources. This tender was part of the Spainish Government's plan to help the country achieve its target of consuming 20% of its energy from renewables by 2020.

Enel Group is set to invest around €270m to develop the new solar facilities, which will be situated in Murcia and Bajadoz regions.

The proposed solar capacity will complement the 540MW of windpower capacity that EGPE was awarded in May this year.

"Enel Group is set to invest around €270m to develop the new solar facilities."

Enel Group Global Renewable Energies head Antonio Cammisecra said: “This new milestone confirms our commitment to green energy in Spain, a country that continues to offer growth opportunities for our renewable projects.

“Together with the wind capacity awarded in May, this 339MW of solar capacity will support our renewable footprint in Spain, while also contributing to the country’s push to achieve its green energy goal.”

Scheduled to be operational by 2019, the proposed plants will sell their output in the Spanish pool market.

The Spanish Government will also provide incentives, by means of yearly capacity payments, to guarantee a steady return over the 25 years of the facilities’ lifetime.

Image: Solarpower generation. Photo: courtesy of minoru karamatsu/Flickr.