Benelux_Infrastructure_Forum_171
4 August 2017 2017 12:45 PM GMT

Enel Awarded 339 MW Of Solar Capacity In Spanish Renewables Tender

Enel S.p.A., acting through its Spanish subsidiary Endesa’s renewable company Enel Green Power España, has been awarded 339 MW of solar capacity in Spain. The award followed the tender aiming at collecting 3,000 MW from renewable energies, that was launched by the Spanish Government to help the country achieve its target to cover 20% of energy consumption from renewables by 2020. The solar capacity adds to the 540 MW of wind power capacity that EGPE was already awarded last May.

“This new milestone confirms our commitment to green energy in Spain, a country which continues to offer growth opportunities for our renewable projects,” said Antonio Cammisecra, Enel’s Head of Global Renewable Energies. “Together with the wind capacity awarded in May, this 339 MW of solar capacity will bolster our renewable footprint in Spain, while also contributing to the country’s push to achieve its green energy goal.”

The Enel Group will be investing approximately 270 million euros in the construction of the solar capacity, which is part of the investment outlined in its current Strategic Plan. The plants, expected to enter into operation by 2019, will sell their energy in the Spanish pool market while the Spanish Government will provide incentives, by means of yearly capacity payments, to guarantee a steady return over the 25 years of the facilities’ lifetime.

The solar capacity will be delivered by power plants that will be located in the regions of Murcia and Bajadoz. Once up and running, the plants will generate approximately 640 GWh per year, while avoiding the emission of around 384,000 tonnes of CO2 into the atmosphere.

EGPE is fully owned by Endesa Generación and operates around 1,675 MW of capacity in Spain, of which 1,618 MW comes from wind, 43 MW from hydropower and 14 MW from other renewable energy sources like solar and biomass. EGPE plants generate around 4 TWh of green energy each year.

The Enel Group is a multinational energy company and one of the world’s leading integrated electricity and gas operators. It operates in 31 countries across 5 continents, generating energy with a net installed capacity of around 83 GW and distributing electricity and gas across a network spanning about 2.1 million km.

With more than 65 million end users around the world, it has the biggest customer base among our European competitors, and is one of Europe’s leading energy companies by installed capacity and reported EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization).

The Enel Group is made up of nearly 63,500 people from around the world whose work is based on its values of Responsibility, Innovation, Trust and Proactivity. Together they are working on the shared goal of “Open Power” in order to tackle some of the world’s greatest challenges.

Image: Courtesy of ENEL Green Power

August 4th 2017
Enel Awarded 339 MW Of Solar Capacity In Spanish Renewables Tender

Enel S.p.A., acting through its Spanish subsidiary Endesa’s renewable company Enel Green Power España (EGPE), has been awarded 339 MW of solar capacity in Spain. The award followed the tender aiming at collecting 3 GW from renewable energies, launched by the Spanish Government to help the country achieve its target to cover 20% of energy consumption from renewables by 2020. The solar capacity adds to the 540 MW of wind power capacity that EGPE was already awarded last May. “This new milestone confirms our commitment to green energy in Spain, a country which continues to offer growth opportunities for our renewable projects,” said Antonio Cammisecra, Enel’s Head of Global Renewable Energies.

August 17th 2017
Siemens Gamesa Installs Asia’s Tallest Turbines, Whilst Stepping Up Integration

Siemens Gamesa has set a new record in Asia by installing this year the tallest wind turbines on the continent. The turbines are equipped with 153-metre tall towers, and with the 56-metre blades, they reach a total height of 210 metres. Presently, a major focus for the company is the integration of the entities of Siemens and Gamesa. This has the objective of realising the new company’s substantial potential, thanks to its bigger scale and global reach: a presence in more than 90 countries, an installed base of 75 GW, and an order book of €21bn.

May 21st 2017
US Wind And Solar Surge: Providing Majority of New Generating Capacity Q1 2017

According to the latest issue of the Federal Energy Regulatory Commission’s (FERC) “Energy Infrastructure Update” (with data through March 31, 2017), wind and solar provided 50.84% of the new electrical generating capacity added to the U.S. grid during the first quarter of 2017. Significantly, renewables power sources are now almost 20% of the total US electrical generating capacity. If current growth rates continue, renewables should top 20% before the end of this year. Generating capacity from renewable sources is now more than double that of nuclear power (9.10%) and rapidly approaching that of coal (24.25%).

August 9th 2017
35% Of German Electricity Consumption Now From Renewables: Grid Challenges Ahead

The Centre for Solar Energy and Hydrogen Research in Baden-Württemberg (ZSW) and the German Association of Energy and Water Industries (BDEW) have stated in an initial assessment that electricity generated from clean energy accounted for 35% of Germany’s consumption in 1H 2017. It’s the first time that this mark has been reached. The total share of electricity generated from renewables was up 2% from last year. The growth from onshore wind was 13.6%; offshore wind saw the steepest growth at 47.5%; growth from biomass increased by 2.2%, whilst the growth from PV systems was 13.5%, compared with the 1H 2016.

August 9th 2017
IDFC Alternatives Fund Acquires Solar Projects Totaling 190MW From First Solar

India Infrastructure Fund II (IIF II), represented by its investment manager, IDFC Alternatives Limited, one of India’s largest alternatives fund managers, is to acquire seven operating solar projects owned and operated by the First Solar Group in the Indian states of Andhra Pradesh and Telangana aggregating to a capacity of 190 MW. All the projects utilise First Solar’s advanced CdTe (Cadmium Telluride) based thin film modules, one of the most environmentally friendly PV technologies, and sell the power generated to state utilities, under long term power purchase agreements. Aditya Aggarwal, Partner, IDFC Alternatives stated that “consistent with its stated strategy of aggregating operating renewable assets, IIF II is well on its way to achieving an installed base of 400-450 MW of operating renewable assets by the end of the current financial year.”