Enel Green Power and Endesa Chile have signed a 25-year power purchase agreement (PPA) for energy supply and sale of green certificates connected to a geothermal project and a photovoltaic project in Chile, as well as a 20-year power purchase agreement (PPA) for energy supply and sale of green certificates connected to a wind power project in Chile. The US$3.5bn contract will enable Enel Green Power Chile to develop three plants with a total installed capacity of approximately 300 MW, which will require around US$800m of investment.
Enel Green Power also announced it has started works at the 48 MW Cerro Pabellón geothermal power plant in Chile. The US$320m facility, located in the municipality of Ollagüe, in the region of Antofagasta, in the Andean Plateau, is expeted to produce 340 GWh/y. The plant, 51% owned by Enel Green Power Chile through its subsidiary Geotérmica del Norte SA and 49% by ENAP, is expected to be completed and enter into service by the first half of 2017 and is supported by long-term power purchase agreements (PPA).
Enel Green Power also announced its has begun construction of its 100 MW Vientos del Altiplano wind park, State of Zacatecas, Mexico. The wind power plant is estimated to cost US$220m.
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