ROME – Italian renewables company Enel Green Power said Thursday it was entering the Peruvian market with three clean energy projects that are expected to enter into service by 2018.
The company also said in a press release that it was awarded the right to sign 20-year supply contracts that “provide for the sale of specified volumes of energy generated by the plants.”
The unit of Italian energy giant Enel said the supply contracts, signed following a renewable tender launched by Peruvian energy regulator Osinergmin, covered 126 MW of wind power, 180 MW of solar PV and 20 MW of hydro capacity.
“With 326 MW awarded in the tender, EGP will become by 2018 the main renewable player in Peru and the only company operating plants of three different renewable technologies in the country,” the Rome-based company said.
In line with its strategic plan, the multinational will invest nearly $400 million to build the renewable facilities.
The Nazca wind project will be located in the southern Peruvian region of Ica and have a total installed capacity of 126 MW.
Thanks to the “high level of wind resources” in that part of the country, the wind farm will generate nearly 600 gigawatt-hours annually, avoiding the emission into the atmosphere of nearly 370,000 metric tons of carbon dioxide.
The Rubi solar PV project will be built in the southern region of Moquegua, an area that “enjoys high levels of solar radiation,” EGP said.
The company added that once that renewable facility is up and running it will generate around 440 GWh per year and avoid the emission of 270,000 metric tons of carbon dioxide.
The Ayanunga hydroelectric project, to be built in the central region of Huanuco, will generate 140 GWh annually once it is up and running, avoiding the emission of 109,000 tons of carbon dioxide.
The company said in the press release that Peru “has a vast renewable potential which is still largely unexploited” and that the renewable tender “is part of the country’s efforts to diversify its energy mix by increasing the share of renewables” from 2 percent at present to 5 percent by 2018.
EGP’s chief executive officer, Francesco Venturini, hailed the results of the tender, saying they “illustrate how renewable energy can be competitive with traditional generation even in geographies where its development is still in the early stages.”