27 November 2017 2017 10:15 AM GMT

Enel Wins Big In Mexico Again. Will Build 593 MW Wind Capacity Following Tender

Enel S.p.A. (“Enel”), acting through its renewable energy subsidiary Enel Rinnovabile S.A. de C.V. (“ERinnovabile”), has been awarded the right to sign a number of contracts in Mexico to supply energy and clean certificates with four wind projects for a total wind capacity of 593 MW in the country’s third long-term public tender since its energy reform. The award follows Enel’s success in the two previous tenders, once again confirming its position as the largest renewable player in Mexico in terms of installed capacity and project portfolio.

“We are thrilled about yet another great success in Mexico, a core market for us, and we are proud to confirm our leadership in the country’s renewables arena” said Antonio Cammisecra, Head of Enel’s Global Renewable Energies Division Enel Green Power. “Through this important win, we will significantly contribute to the country’s demand for electricity from renewable sources. This is just another step of our strategy in the country that we will implement through organic growth as well as through the ‘build, sell and operate’ model that enables us to leverage on our global pipeline, accelerating our growth worldwide.”

The Enel Group will be investing around 700 million US dollars in the construction of the new facilities, in line with the investments outlined in the company’s current Strategic Plan. Each project will be supported by a contract providing for the sale to Mexico’s Cámara de Compensación1 of specified volumes of energy over a 15-year period and of the related clean certificates over a 20-year period.

The new plants are due to enter into operation in the first half of 2020. Once fully operational, the facilities are expected to produce 2.09 TWh/year of renewable energy, therefore avoiding the annual emission of nearly 960,000 tonnes of CO2 into the atmosphere.

Three plants, Amistad II and Amistad III with a total installed capacity of 100 MW each, and Amistad IV with an installed capacity of 149 MW, will be built in Acuña, in the northern State of Coahuila. Amistad II and III are expected to generate annually over 350 GWh each while avoiding the emission into the atmosphere of around 170,000 tonnes of CO2 each. Amistad IV is expected to generate more than 510 GWh per year, while avoiding the annual emission of around 234,000 tonnes of CO2 into the atmosphere. The 244 MW Dolores facility will be built in China, a municipality in the northeastern State of Nuevo León. The plant is expected to generate nearly 850 GWh each year, while avoiding the annual emission of nearly 390,000 tonnes of CO2 into the atmosphere.

The Enel Group is the largest renewable energy operator in Mexico in terms of installed capacity and project portfolio. The Group currently operates 728 MW, of which 675 MW come from wind and 53 MW from hydropower. It is currently building in the State of Coahuila the 754 MW Villanueva solar project, which is the largest PV facility under construction in the Americas and Enel’s largest solar project worldwide, the 200 MW Amistad wind farm, also in the State of Coahuila, and the 238 MW Don José PV project in the State of Guanajuato. The Group will also build the 93 MW Salitrillos wind project in the state of Tamaulipas.

Enel Green Power, the renewable energies division of the Enel Group, is dedicated to the development and operation of renewables in 24 countries, with a presence in Europe, the Americas, Asia, Africa and Oceania. Enel Green Power is a global leader in the green energy sector with a managed capacity of around 40 GW across a generation mix that includes wind, solar, geothermal, biomass and hydropower, and is at the forefront of integrating innovative technologies into renewable power plants.

Photo: Courtesy of Enel Green Power

January 10th 2018
US: Doubling Of Wind & Solar Capacity Possible By 2020 as Coal & Nuclear Drop

In the latest issue of its “Energy Infrastructure Update” (with data through November 30, 2017), the Federal Energy Regulatory Commission (FERC) notes that proposed net additions to generating capacity by utility-scale wind and solar could total 115,984 megawatts (MW) by December 2020 – effectively doubling their current installed capacity of 115,520 MW.  The numbers were released as FERC prepares for a January 10 meeting to consider U.S. Department of Energy Secretary Rick Perry’s proposal for a bailout of the coal and nuclear industries.

January 22nd 2018
EV, Renewables See CO2 Emissions Plateau By 2030, But Far From 2 Degree Pathway

Major shifts in the global energy landscape, particularly related to electric vehicles (EVs) and renewable energy sources, mean that MEI expects global CO₂emissions to plateau by 2030. However, increased global energy demand means emissions will remain at more than double the level required for a 2 degrees Celsius warming pathway. Ole Rolser, Associate Partner and Solution Leader at MEI, comments: “Despite the significant momentum around EVs and renewable energy sources taking an increasing share of the power market, to realise the 2 degrees pathway scenario, we’d have to see much broader, much more disruptive change than what we’re seeing now.”

January 19th 2018
Chinese Solar Surge Fuels Overall Global Growth In Clean Energy Investment

World clean energy investment totalled $333.5 billion last year, up 3% from 2016 and the second highest annual figure ever, taking cumulative investment since 2010 to $2.5 trillion. An extraordinary boom in photovoltaic installations made 2017 a record year for China’s investment in clean energy. This outpaced changes elsewhere, including jumps in investment in Australia and Mexico, and declines in Japan, the U.K. and Germany. The figures up 3% from a revised $324.6 billion in 2016, and only 7% short of the record figure of $360.3 billion, in 2015.

January 8th 2018
Vestas Sets 10.6 GW Record In 2017 After Year-End Surge; Ups Cashflow Guidance

Vestas has received a firm and unconditional order for 190 MW of 4 MW platform turbines in the U.S. taking the global order intake for the company in 2017 to 10.6 GW, surpassing 2016’s record order intake of 10.5 GW. The surge of orders at the end of the year has resulted in the company revising its guidance for free cashflow upwards. It now expects the free cashflow for 2017 to be €1.15bn-€1.25bn, as compared with the previous guidance of €450m-€900m. Markets have reacted favourably with the company share price experiencing an increase of 5%. 


 

   

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