Enel wins lucrative wind project contract at Mexico auction

Date: 2017-11-23   Author: Saipriya Iyer  Category: #industry

Enel wins lucrative wind project contract at Mexico auction

Enel SpA, an Italian firm manufacturing & distributing power & gas, has reportedly announced its decision to develop four wind farms in Mexico having an energy generation capacity of nearly 593 MW. The official declaration has been made post securing the contracts during the third long-term power auction organized jointly by the National Center for Energy Control and the Ministry of Energy in Mexico. As per reliable sources, the Italian company secured the fifteen-year contracts to provide power supply to the residents of the country, while the twenty-year contracts have been obtained to offer clean certificates through its four wind farm ventures. It is predicted that the electricity and the certificates will be purchased by Camara de Compensacion, a Mexican authority controlling & regulating the power purchase transactions taking place between sellers & buyers through the bid.

According to authentic sources, Enel is going to make capital investments worth USD 700 million in developing the facilities, which will commence operations in the early phase of 2020. Reportedly, these facilities have been anticipated to help in generating power of around 2.09 Twh/ year. Other projects of the firm include 100-MW Amistad II, 149-MW Amistad IV, and 100-MW Amistad III, that are anticipated to be built in Acuna, across the northern state of Coahuila. The 244-MW Dolores unit on the other hand, is forecast to be set up in China, a municipal corporation in the Northeast State of Nuevo Leon in Mexico.

Industry experts have stated that the Italian based firm Enel SpA, the nation’s largest renewable energy operator in terms of project pipeline, has currently signed an agreement to sell eighty percent of its portfolio, including renewable energy units having the capacity to produce 429 MW of power. It is forecast that the company will sell the renewable power projects of 1283 MW, to CKD Infraestructura Mexico SA de CV and Caisse de depot et placement du Quebec.



About Author


Saipriya Iyer linkdin-boxtwitter

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

Post Recommendents

Innovations in surveillance system—a growth enabler in air traffic management

Author: Saipriya Iyer

Transforming air traffic management into a more interoperable, automated, modular and scalable system will potentially reap rewards from developments in virtualization and digital technologies. Seamless high-performing...


Stents industry to witness robust technological innovations with ongoing R&D activities

Author: Pankaj Singh

One of the fastest emerging verticals within the healthcare and medical devices space, the global stents market is set to witness numerous interesting trends in the coming years. Ongoing research and development in the...


Amazon India launches ‘Select’ program to assist emerging brands

Author: Shikha Sinha

E-commerce giant Amazon has reportedly started a new program called ‘Select’ in India. As per trusted sources, the program will enable emerging brands in the country to get access to a suite of brand buildi...