PROJECT

Projects

Summary of Investment Information

Project Number

33579

Company Name

ENEL GREEN POWER BRASIL PARTICIPACOES LTDA.

Date SPI Disclosed

Oct 10, 2013

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Dec 12, 2013

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Apr 13, 2022

Department

Regional Industry INF LAC & EUR

Industry

Infrastructure

Previous Events

Approved : Dec 12, 2013
Signed : May 9, 2014
Invested : Aug 6, 2014

Sector

Wind Power - Renewable Energy Generation

Additional Project Attributes

Public-Private Partnerships

Project Description

Enel Wind Brazil (the “Project”) comprises the development, construction and operation of 12 wind power plants (the “Sub-Projects”) located in five clusters across three states of Brazil’s northeast totaling approximately 342MW of installed capacity. The capital expenditures required to implement the Project total approximately US $600 million. Enel Brasil Participações (“EBP” or the “Company”), a wholly-owned subsidiary of Enel Green Power (“EGP” or the “Sponsor”), is developing each wind power plant through fully owned Special Purpose Entities (“SPEs”) and has successfully secured Power Purchase Agreements (“PPAs”) in a blend of 20 year regulated market contracts (“Regulated PPAs”) and medium-term Free Market contracts (“Free Market PPAs”). The Regulated PPAs were awarded in the Brazilian power auctions of 2010, 2011, 2012 and 2013. The off-taker in these PPAs is the Brazilian wholesale energy market, comprised of a pool of Brazilian distribution companies. The Company will also sell approximately a third of the energy production under contracts negotiated with large energy users/power distribution companies in Brazil’s free energy market. EBP has ordered the turbines from top-class manufacturers and started construction of the projects which are expected to become operational over the next 24 months.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation