Enel Green Power has completed and connected the first 20M of the 97M of installed capacity to the grid new photovoltaic park of Carrera Pinto, in the Atacama region, Chile. The remaining 77 MW of the park, owned by Parque Solar Carrera Pinto SA, a subsidiary of Enel Green Power Chile Ltda, will be completed and will enter service by the second half of 2016. The group also announced that it has reached an agreement for the sale of minority interests in two US wind farms worth $74 million.
Chile
Once operational, the entire Chilean plant will be able to generate over 260 GWh per year, equivalent to the consumption needs of approximately 122 Chilean households, thus avoiding the emission of over 127 tonnes of CO2 per year. year. The construction of Carrera Pinto, which is part of the investments envisaged in EGP's current industrial plan, requires a total investment of approximately 180 million US dollars, financed through resources from the Enel Green Power Group and supported by a long-term contract sales of energy produced (PPA).
The energy generated by the plant, located 60 kilometers from the city of Copiapó, will be delivered to the transmission grid of the central Chilean region SIC (Sistema Interconectado Central).
In Chile, Enel Green Power currently manages a portfolio of plants with a total capacity of approximately 600 MW, of which 340 MW of wind, 174 MW of solar and 92 MW of hydro. In addition, the company has nearly 600 MW of projects underway which, once completed, will allow the Enel Green Power Group to reach a total installed capacity of approximately 1.200 MW in the country. These projects include the construction, in partnership with ENAP, of Cerro Pabellòn, the first geothermal plant in South America with a gross installed capacity of 48 MW.
United States
Enel Green Power also announced that its subsidiary Enel Green Power North America, Inc. (“EGPNA”) has entered into two agreements with GE Energy Financial Services, a unit of General Electric (NYSE: GE) to divest 24% of its Class A holdings in both Chisholm View Wind Project, LLC, owner of the 235 MW Chisholm View Wind Farm in Oklahoma, and Prairie Rose Wind, LLC, owner of the 200 MW Prairie Rose Wind Farm in Minnesota. The combined consideration for the two deals is approximately $74 million, which was paid upon completion of the deal.
