Following the "Leilão de Reserva" public tender in Brazil, Enel Green Power has been awarded the right to sign 20-year energy supply contracts in that country for a 90MW of wind and a 254 MW of PV capacity, totaling 344MW.
Specifically, with the "Ituverava" project, the company was awarded 254MW of PV capacity, equivalent to 24% of the total projects awarded within the framework of the first public tender dedicated to solar energy at national level. The project will be constructed in the north-eastern part of the country, in the state of Bahia, an area known for the high level of solar radiation it receives.
The two plants will require a total investment of approximately US$600 million to build, of which around US$400 million for the PV project and around US$200 million for the wind project. Once up and running, the two plants will be able to generate up to some 900GWh per year of sustainable energy, thereby helping to meet Brazil's high demand for new energy, which is forecast to grow at an average annual rate of 4% through 2020.
The 20-year supply contracts awarded to Enel Green Power envisage the sale of specified volumes of energy generated by the two plants to the Brazilian Chamber of Commercialization of Electric Energy (CCEE – Camara de Comercializaçao da Energia Eletrica).