Enel Starts Construction of 51 MW Wind Power Plant in Cuenca
Endesa, through its renewable energy subsidiary Enel Green Power Spain, has begun construction of a 51 MW wind farm in the municipality of Motilla del Palancar. The construction of this wind energy plant, which will be completed by the end of the year will involve an investment of 55 million euros. The new park adds to the 519 MW of wind power that EGPE is currently building in Aragon, Castilla y Leon, Andalucía and Galicia, of which 445 MW are part of the 540 MW of wind power allocated to the company in the auction of capacity of renewable energy held by the Spanish Government in May 2017. In addition, EGPE has 339 MW of photovoltaic solar power under construction, awarded to EGPE in the third renewable energy auction of the Spanish Government, held in July 2017. Together, the construction of all these parks, which will increase Endesa’s wind and solar power by 52.4%, represents the investment of some 800 million euros until 2020.
The construction of this renewable capacity responds to Endesa’s strategy to decarbonize its generation mix, a process whose first milestone is to reach 8.4 GW of renewable installed capacity in 2021, compared to the current 6.5 GW, with a total investment of about 2,000 million euros
Endesa CEO Jose Bogas said that “Endesa is making a very important investment effort in renewable energies to lead the energy transition. At the end of the year, the 879 renewable MW that the company won in the two auctions will be operational. of 2017 organized by the Government, which demonstrates the company’s commitment for Spain to achieve its green energy objectives.”
Source : Strategic Research Institute