Renewable energy company Enel Green Power has commenced operations at the 103MW Horizonte solar park in Brazil through its subsidiary Enel Green Power Brasil Participações (EGPB).
Located in the municipality of Tabocas do Brejo Velho, the 103MW facility features 330,000 solar panels, and is expected to produce 220GWh per year once it is fully operational.
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Enel is reported to have invested around $110m for the construction of the Horizonte solar park.
Enel Green Power head Antonio Cammisecra said: “The entry into service of Horizonte marks a new milestone for the Group’s presence in the Brazilian solar market, where in just over eight months we have added four projects for a total capacity of 807MW, which includes South America’s largest PV facility currently in operation, Nova Olinda.
“We are confirming our leadership in the Brazilian renewable sector, as is also acknowledged by the Group’s latest tender wins, therefore contributing to the diversification of the country’s generation mix and the sustainable development of local communities.”
The Horizonte solar facility is said to have been financed through Enel Group’s own resources, as well as by a long-term finance provided by the Brazilian regional development bank Banco do Nordeste (BNB).
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By GlobalDataThe Brazilian Chamber of Commercialisation of Electric Energy (CCEE) has also extended its support to the project by signing a 20-year power purchase agreement (PPA).
