Enel Green Power To Construct Brazil's 254 MW Solar Energy Plant
Enel Green Power of Italy has announced that it will begin construction of a 254-megawatt solar power plant in Brazil this year. The project is estimated to cost around US$400 million and is expected to be in service before the end of 2017.
Enel Green Power, an Italian multinational corporation for renewable energy sources, has taken a large step towards the implementation of a long-term and large-scale investment as the company has announced a construction of a solar power plant in Brazil that will generate 254 megawatts. The company is well known, for it is also constructing a wind farm in Sierra Gorda, Chile, which has a cost estimate of about US$215 million.
The Ituverava solar power plant to be constructed by Enel in Brazil has a cost estimate of around US$400 million. This solar project is one of the company's largest among the 1.65-gigawatt energy projects under the company's construction. This project was awarded to Enel in November 2014 through a competitive auction. The solar plant is owned by three special purpose vehicles under Enel Green Power Brasil Participacoes Ltda. The plant is expected to be up and running by the end of 2017.
The Brazilian solar power plant is expected to generate more than 550 gigawatt-hours per year. This energy generated by the plant annually is said to be more than enough to meet the demands of 268,000 households in Brazil while avoiding carbon dioxide emissions of more or less 185,000 tons annually. The project is under a 20-year power purchase agreement that will supply energy for the Chamber of Commercialization of Electric Energy.
The second solar power project auction was held in August 2015, which saw Enel Green Power winning a 553-megawatt offer out of the 834-megawatt capacity with an average tariff bid of US¢8.42 per kilowatt-hour. Enel was awarded three renewable energy projects that it needs to have up and running before 2017 reaches an end. The company is also planning to invest US$9.9 billion focusing mostly on enhancing and upgrading capacity of energy generation over the next five years and hopes to add about 7.1 gigawatts of energy generation capacity by the end of this decade. The company's investments will be taking place in Brazil, Chile and Mexico.
Tesla's Solar Farm Powers Up Hawaiin Island Of Kuaia
Tesla unveils its massive solar farm and energy-storage facility in Kuaia. The large-scale battery farm will provide power to the island for a period of 20 years.
China Hailed As World's Largest Solar Power Producer, Effects On Its Economy Discussed
China is now the leading country on producing solar energy. This has been confirmed after the nation has eclipsed 77.42 gigawatts, and even more, as China plans to add more than 110 gigawatts within the next three years.
Researchers Develop Sunlight-Powered Water Purifiers For Those Who Can't Afford Clean Water
A solar-powered device that could generate clean drinking water has recently been developed that is more cost-effective and even efficient for users.
Increasing Demand Of Solar Power Could Cause Higher Price Of Coal By Year 2020
With the rapid increase of demand among solar-powered equipments these days, businessmen have opted to increase the price of coal and oil.
Bill Gates Names 3 Careers He'd Drop Out For Today
Famous Harvard dropout and current billionaire Bill Gates would like to pursue a career in the field of artificial intelligence, energy sector, or biotechnology.
MORE IN ITECHPOST
The Role of Technology in Education in 2019
2019 is proving to be another great year for trends in educational technology. There are many upcoming trends that seem to have a bearing on the future of the sector with respect to technology.
New Retroreflective Material Could be Used in Nighttime Color-Changing Road Signs
BUFFALO, N.Y. -- A thin film that reflects light in intriguing ways could be used to make road signs that shine brightly and change color at night, according to a study that will be published on Aug. 9 in Science Advances.
Top 5 Video Games to Play for a Truly Unique First Date
Video games have a way of taking us outside of ourselves and live in a fantasy world. It's even better when you're playing a game with someone special!