The Brazilian subsidiaries of Enel (ENEL.MI) and SoWiTec plan to jointly develop eight wind power projects in the northeastern region of Brazil with a total capacity of approximately 1,000 megawatts (MW).
Enel Latin America LLC and Enel Brasil Participações Ltda. have signed a project development agreement with SoWiTec do Brasil Energias Alternativas Ltda., an affiliate of the German developer SoWiTec international GmbH, to develop the projects.
Through this agreement Enel has the exclusivity rights on eight power projects, all at an early stage of development and will be entitled to acquire the same projects once they are completely developed by SoWiTec. The projects have a preliminary capacity ranging between 56 to 200 MW and are located in the North-eastern part of Brazil, specifically in the States of Cearà, Bahia, Rio Grande do Norte and Sergipe, all areas presenting a high wind potential (over 3,000 wind hours per year in some cases).
The wind capacity currently installed in Brazil totals about 247 MW and additional 149 MW are under construction. According to the wind atlas of Brazil, the wind potential is estimated at 143,000 MW.
Enel is already present in Brazil since 2006 where it operates 20 hydro plants for a total installed capacity of 92 MW.
Enel’s current installed wind capacity (30 June 2008) amounts to about 1,002 MW worldwide. The target set out in the new 2008-2012 business plan is to increase this figure to reach approximately 5,000 MW of wind power installed worldwide by 2012.
Enel Latin America is a subsidiary of Enel S.p.A. operating in Mexico, Guatemala, El Salvador, Nicaragua, Costa Rica, Panama, Brazil and Chile. The company operates 664 MW of hydro and wind power plants and runs a geothermal field in El Salvador.
SoWiTec international GmbH is a German wind developer active in developing greenfield power projects in France, Mexico, Brazil, Argentina, Uruguay, Chile and Peru.
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