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Italy

Italian joint venture buys more wind capacity in Spain

A renewables joint venture formed by Italian utility ENEL and Spanish utility Fenosa is expanding its wind portfolio in Spain with another two projects with a combined capacity of 86.6MW. It bought the rights to the projects from Sistemas de Energías Regenerativas SA (Sersa), part owned by German wind developer Enersys.

ENEL Union Fenosa Renovables (Eufer) will work with Sersa to complete development of the 41.6MW Sierra de los Jarales project in the southern province of Almeria and the 45MW El Sauco project in neighbouring Granada. "The deal is a big success and an important step for a German wind developer in terrain that is not so simple," says Harmut Brösamle of Enersys. "The early Eufer efforts underline the dynamics of the Spanish market.

Unlike in Germany, the price paid for wind power is linked to prices at the high voltage transmission level. Due to rising prices for coal, gas and uranium, the price for wind has risen over the last two years -- which, on top of the excellent wind conditions, has led to increased demand for wind station projects." Eufer now has stakes in 600MW in 24 wind stations with another 700MW due online in the next five years, says Enersys.

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