Italian clean energy developer Enel Green Power has announced it is to invest around $600 million in developing 553 MW of solar PV capacity in Brazil having been more successful than any other participant in the countrys latest Leilão de Reserva public tender.
Enel was awarded the right to sign 20-year energy supply contracts for three large-scale solar PV plants, which include a 103 MW development in Horizonte MP, a 158 MW array in Lapa, and a 292 MW installation in Nova Olinda in northeast Brazils Ceara state.
Enel was awarded the tenders in last weeks Brazil power auction, and will add to the companys 11 MW Fontes Solar I and II developments, which are already the countrys largest solar PV plants in operation. Enel was also awarded the development contract for the 254 MW Ituverava solar project last year. In total, Enel has won 818 MW in solar auctions so far.
This combined 553 MW project is penciled for completion and commercial operation in 2017. All three solar plants will be located in regions of Brazil that enjoy high levels of solar irradiation, with Enel calculating that they will collectively produce 1.2 TWh of solar energy annually. Brazils Chamber of Commercialization of Electric Energy (CCEE) has agreed to purchase the power generated by the plants under a 20-year power purchase agreement (PPA).
"We are extremely pleased about this landmark win, thanks to which we became the number one company in the Brazilian solar industry," said Enels CEO, Francesco Venturini.
"The 818 MW of total capacity won in all PV auctions launched in Brazil so far, the 700 MW won in wind power auctions and 102 MW won in hydropower auctions in the country since 2010 all offer further validation of our Latin America growth strategy, the strength of which is based on our focus on technologies that are approaching or are at grid parity, developing and delivering innovative solutions and extracting synergies with other Enel Group companies in the region."