Enel Green Power to Complete Second Chile Wind Farm This Month

Enel Green Power Ltd. (EGPW), a unit of Enel SpA (ENEL), will complete its second Chilean wind farm this month.

Enel Green’s 90-megawatt Valle de los Vientos wind farm will start sending electricity to Chile’s northern power grid next month, Enel Green business development executive Martino Pasti said in a Santiago interview today.

Enel Green inaugurated its Talinay wind farm in central Chile earlier this year, providing 90 megawatts, and started construction of a third farm near Taltal at a cost of $190 million that will provide 99 megawatts, according to a company statement.

Chile introduced a law earlier this year requiring 20 percent of all power to come from renewable energy excluding large-scale hydroelectric dams. The South American country imports more than 90 percent of its fossil-fuel needs.

Enel Green will also start construction on Chile’s first geothermal power plant next year in Ollague that will be ready in 2015 to supply a power station near Freeport-McMoRan Copper & Gold Inc. (FCX)’s Grasberg copper mine.

To contact the reporter on this story: Matt Craze in Santiago at mcraze@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net

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