The new plant is comprised of 45 wind turbines (2 MW each), for a total installed capacity of 90 MW. The operating plant, owned by Parque Eólico Valle de los Vientos S.A., a subsidiary of Enel Green Power Chile Ltda, will be able to generate up to more than 200 GWh per year, thereby avoiding the emission of more than 165 thousand tonnes of CO2 into the atmosphere.
The construction of the wind farm, in line with the growth targets set by Enel Green Power’s 2013-2017 Business Plan, required a total investment of approximately $170m.
The investment has been partly covered through a loan that Enel Green Power, acting through Enel Green Power International BV, has agreed with the Danish Export Credit Agency (EKF) and Citi, the latter as sole lead arranger and agent. The loan, which totals 100 million euros, is also aimed at the Taltal wind farm, currently under construction in Chile.
The Valle de los Vientos project is associated to a 20-year agreement for the purchase of the electricity (PPA) produced by the plant and that will be delivered to the Transmission Network of Chile’s Northern Region (Sistema Interconectado del Norte Grande, SING) through the Calama substation.
