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Publish Date : 31-Dec-2013

Enel Green Power has completed and connected to the grid its new Valle de los Vientos wind farm, located in the II Region of Antofagasta in Chile.

The new plant is comprised of 45 wind turbines (2 MW each), for a total installed capacity of 90 MW. The operating plant, owned by Parque Eolico Valle de los Vientos S.A., a subsidiary of Enel Green Power Chile Ltda, will be able to generate up to more than 200 GWh per year, thereby avoiding the emission of more than 165 thousand tonnes of CO2 into the atmosphere.

The construction of the wind farm, in line with the growth targets set by Enel Green Power's 2013-2017 Business Plan, required a total investment of approximately 170 million US dollars. The investment has been partly covered through a loan that Enel Green Power, acting through Enel Green Power International BV, has agreed with the Danish Export Credit Agency (EKF) and Citi, the latter as sole lead arranger and agent. The loan, which totals 100 million euros, is also aimed at the Taltal wind farm, currently under construction in Chile.

The Valle de los Vientos project is associated to a 20-year agreement for the purchase of the electricity (PPA) produced by the plant and that will be delivered to the Transmission Network of Chile's Northern Region (Sistema Interconectado del Norte Grande, SING) through the Calama substation.

In Chile, Enel Green Power recently connected the Talinay wind farm (90 MW) to the grid and is constructing Taltal, its biggest wind farm in Chile (99 MW), for an investment of approximately 190 million US dollars. The company has also begun construction on its first solar park in the Country (Diego de Almagro, 36 MW) and, in the geothermal sector, Enel Green Power is exploring various concessions that have the potential for generating more than 100 MW. These initiatives are expanding the range of renewable technologies that Enel Green Power is implementing in Chile, adding wind, solar and geothermal power to its long-standing tradition of hydro generation, thereby opening in the country what is currently a truly unique energy chain in Latin America.

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