Enel Green Power Brasil Participações Ltda., the Brazilian subsidiary of Italian renewable energy developer, Enel Green Power (EGP), which is itself part of Italy-based power utility, Enel, has started commercial operations on the 103 MW Horizonte solar park, which is located in the municipality of Tabocas do Brejo Velho, in the state of Bahia, in the northeast of Brazil.
Enel invested approximately US$110 million in the construction of the project as part of the investments foreseen in the company's current strategic plan. The projects was financed through Enel Group's own resources and a long-term loan provided by local bank, Banco do Nordeste.
The company had secured a 20-year PPA for the project with the Brazilian Chamber of Commercialisation of Electric Energy (Câmara de Comercialização da Energia Elétrica, CCEE).
The solar park is comprised of almost 330,000 solar panels and is expected to generate more than 220 GWh per year, the company said.
In the state of Bahia, Enel's local subsidiary already operates 515 MW of solar capacity, which includes, in addition to Horizonte, the 254 MW Lau solar farm and the 158 MW Ituverava PV facility.
“The entry into service of Horizonte marks a new milestone for the Group’s presence in the Brazilian solar market, where in just over eight months we added four projects for a total capacity of 807 MW, which include South America’s largest PV facility currently in operation, Nova Olinda,” said EGP head of renewable energy division, Antonio Cammisecra.
“We are confirming our leadership in the Brazilian renewable sector, as is also acknowledged by the Group’s latest tender wins, therefore contributing to the diversification of the country’s generation mix and the sustainable development of local communities,” he added.