Enel has recently announced it has purchased 132MW of wind energy in Spain through it’s Spanish subsidiary Enel Green Power España (EGPE).
The subsidiary signed an agreement to acquire 100% of Parques Eolicos Gestinver, S.L., a company which owns five wind farms located in the regions of Galicia and Catalonia to the tune of 178 million euros.
Head of Enel’s Global Renewable Energies Division Enel Green Power, Antonio Cammisecra said, “The acquisition of five wind farms will enable us to consolidate our return to renewables growth in Spain, after the two major tender wins from last year. These high quality assets are already operational and we are looking forward to further boosting their performance through their incorporation in our Group’s operation and maintenance system and in our integrated energy sale strategy.”
According to the press release, the acquisition of the wind energy agreement is ‘expected to be finalised in the first half of 2018 upon the satisfaction of a series of conditions precedent, typical for this type of transaction. Following the acquisition, EGPE’s installed capacity in Spain will increase to more than 1,806 MW of which 1,749 MW from wind power, equivalent to almost 8% of total installed wind capacity in Spain, 43 MW from small hydro, and 14 MW from other renewable sources.’
The EGPE subsidiary is able to produce approximately 4TWh of carbon free energy each year alone and was assigned 879MW of new renewable capacity through two successful tenders.