Enel SpA, through its renewable energy subsidiary Enel Rinnovabile SA de CV, was awarded the right to a number of contracts in Mexico to supply energy and clean certificates with four wind projects.
Enel plans to invest roughly $700 million on the development of these projects, which will have a total installed capacity of 593 MW. The largest of the projects, the 244-MW Dolores wind farm, will be built in China, a municipality in the northeastern State of Nuevo León.
The 100-MW Amistad II, 100-MW Amistad III and 149-MW Amistad IV will be constructed in Acuña, in the northern State of Coahuila, according to a Nov. 23 news release. The four projects are slated for completion in the first half of 2020 and are forecast to generate 2.09 TWh per year.
The output from the projects will be sold to Mexico's Cámara de Compensación with specified volumes of energy over a 15-year period and of the related clean certificates over a 20-year period.
Enel said it has one of the largest renewable portfolios in Mexico at 728 MW, of which 675 MW come from wind. Enel Green Power recently sold an 80% equity stake in its holding company that manages 429 MW of operational projects and a 1,283-MW pipeline of projects in Mexico to Canadian institutional investor Caisse de dépôt et placement du Québec and the investment vehicle of leading Mexican pension funds, CKD Infraestructura México SA de CV, for $1.35 billion. The transaction is pending regulatory approvals.
