Enel Green Power has started work on the construction of a new solar photovoltaic plant in Chile. The company announced this in a note, specifying that the Finis Terrae plant will have an installed capacity of 160 MW and will be the largest photovoltaic park in the Chile.
The plant, located in the Antofagasta region and owned by five special purpose companies controlled by Enel Green Power Chile, will be able to generate, once operational, over 400 GWh a year, equivalent to the annual consumption requirement of almost 198 thousand Chilean families, thus avoiding the emission into the atmosphere of more than 198 thousand tons of CO2 per year.
The construction of the plant, in line with the growth objectives of EGP's current business plan, requires a total investment of approximately 270 million US dollars, financed through resources from the Enel Green Power Group. The project is associated with a long-term contract for the sale of the energy produced (Power Purchase Agreement - PPA) with Endesa Chile.
The energy generated by Finis Terrae, which is expected to be completed and put into service by the end of the first half of 2016, will be delivered to the Chilean SING (Norte Grande Interconnected System) transmission grid.
Enel Green Power has also started work on the construction of a new wind farm, Los Buenos Aires, the company's first in the Bio-Bio region of Chile. The plant, owned by Enel Green Power Chile, will have total installed capacity of 24 MW. Once operational, Los Buenos Aires will be able to generate over 86 GWh per year, equivalent to the annual consumption needs of around 40 Chilean households, thus avoiding the emission of more than 41 tonnes of CO2 per year. year.
This project is also associated with the long-term contract for the sale of the energy produced (Power Purchase Agreement - PPA) with Endesa Chile. The construction of the plant, in line with the growth objectives of EGP's current industrial plan, requires a total investment of approximately 55 million US dollars, financed through resources from the Enel Green Power Group.
