Italian renewable energy firm Enel Green Power (EGP) has secured two contracts worth approximately $485m in Mexico to supply wind energy.
Through its subsidiaries Impulsora Nacional de Electricidad and Dominica Energia Limpia, EGP has signed two power purchase agreements with automotive supplier Delphi Automotive and Mexican bank Banamex.
The energy sold will be generated at the new 100MW Dominica wind farm located in the Mexican state of San Luis Potosi.
EGP said it will start construction of the wind farm in the coming months with an initial investment of $196m.
The new wind farm will have a load factor of more than 30%, which is expected to save 157,000t of carbon dioxide emissions.
EGP's installed capacity in Mexico currently amounts to around 197MW, of which 144MW comes from wind and 53MW from hydro.
In Latin America, EGP has renewable energy plants in Mexico, Costa Rica, Guatemala, Panama, Chile and Brazil for a total installed capacity of 990MW.
EGP has an installed capacity of more than 8,000MW from a mix of resources, including wind, solar, hydroelectric, geothermal and biomass.
The company generated more than 25 billion kilowatts of electricity in 2012, enough to meet the energy needs of approximately 10 million homes and avoid emission of more than 18 million tonnes of CO2 into the atmosphere.
Image: Enel Green Power's installed capacity in Mexico currently amounts to around 197MW. Photo: courtesy of FreeDigitalPhotos.net.