Italian renewable energy firm Enel Green Power has secured the right to sign 20-year contracts to supply 344MW of wind and solar power in Brazil.

The agreements for the Ituverava and Delfina projects, which are both in the state of Bahia, have been awarded through a public tender.

While the 254MW supply contract of solar photovoltaic power is for the Ituverava project, the other agreement is for 90MW Delfina wind power project.

Construction of the two projects involves an investment of $600m, out of which the solar project will cost around $400m. The remaining funds have been allocated for the wind project.

"Construction of the two projects involves an investment of $600m. "

Both the plants, when operational, are expected to generate up to 900GWh of sustainable energy annually.

Enel Green Power had won public tenders for wind projects in the Brazilian state earlier as well, and manages power schemes with a gross capacity of 264MW.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Energy demands in Brazil have been on the rise, which has been forecasted to grow at an average annual rate of 4% through to 2020.

The South American country has an installed capacity of over 98,000MW renewable power, which accounts for almost 85% of the total installed capability.