Italian renewable energy company Enel has launched operations of solar photovoltaic (PV) projects in Brazil totaling 546 megawatts, the company announced Monday.
A new 254-megawatt plant, Ituverava and the 292-megawatt Nova Olinda solar park are South America’s largest PV facilities currently in operation, according to the company's press release.
The company proclaimed that it invested approximately $300 million for the construction of Nova Olinda while the Ituverava solar plant required an investment of around $400 million, the press release said.
According to the company's press release, both solar parks are supported by a 20-year power purchase agreement (PPA) with the Brazilian Chamber of Commercialization of Electric Energy.
"The start of operations of Nova Olinda and Ituverava is a major milestone for our presence in Brazil since it confirms our leadership in the country’s photovoltaic market, as well as our commitment and ability to quickly and efficiently deliver the projects we are awarded” Head of Enel Green Power Antonio Cammisecra said in the press release.
In Brazil, the Enel Group, through its subsidiaries EGPB and Enel Brasil, has a total installed renewable capacity of around 2,276 megawatts. Out of this capacity, 670 megawatts comes from wind power, 716 megawatts from solar PV and 890 megawatts from hydropower. Furthermore, close to 275 megawatts of capacity is currently under construction, of which wind will generate 272 megawatts and solar will produce 103 megawatts.
(Anadolu Agency)
