Enel Green Power has entered into a strategic agreement to develop Geronimo Wind Energy’s pipeline of wind projects in the US, which presently amounts to 4,000 MW in the upper Midwest and could expand into other regions of the United States.
Under the agreement, Enel Green Power will take a minority share in the American company, finance further business development, and acquire the priority right to purchase, own and manage wind projects developed by Geronimo.
“Enel Green Power is committed to further increasing its footstep in the United States and to contribute to grow renewable energy capacity in a region where we believe renewable energy demand and production will grow substantially in the next future,” said its President, Francesco Starace.
Consolidating in Mexico
Meanwhile, the company has also added a further 1,000 MW to its wind energy portfolio in Mexico by virtue of a recent agreement signed with the Mexican affiliate of the German company SoWiTec, SoWiTec Energías Renovables de Mexico.
Under this agreement, Enel Green Power will have exclusive access to wind projects developed by SoWiTec and the right to acquire them once they are authorised. The projects are located in the states of Sonora, Coahuila, Aguascalientes, Tamaulipas and Veracruz, and each project will have a preliminary capacity of between 100 and 200 MW.
On 9 November, Enel Green Power signed a similar agreement with Enerthi México, an affiliate of the Spanish company Enerthi (Energías Renovables, Térmica e Hidráulica).
Through this latest agreement, Enel Green Power, which already manages three hydroelectric plants in Mexico with a total installed capacity of 52 MW, will count on a portfolio of exclusive rights over wind projects in Mexico with a total installed capacity of 2,000 MW.
Enel’s renewables company now has almost 4,500 MW of renewables projects around the world in both the wind, solar, geothermal and hydroelectric sectors. Since acquiring the Spanish company Endesa, Enel now operates across 22 countries worldwide and as Europe’s second largest electric utility has an installed capacity of 93,400 MW.
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