Enel Plans 161 Megawatts of Chile Clean-Energy Plants

(Corrects location in headline, first paragraph of story published yesterday.)

Enel Green Power SpA (EGPW), a unit of Italy’s biggest power utility, will build two solar plants and a wind farm in Chile with total capacity of 161 megawatts.

Enel Green was awarded the right to sign contracts to sell energy from the projects, including from a fourth operating power plant, to a group of distribution companies, the Rome-based company said Nov. 29 in a statement. The projects will cost about $320 million and are expected to begin operations by the first half of 2015.

The power from all four projects will be sold at a rate of $128 a megawatt-hour, according to the statement.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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