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Italy

Italy

Utility Endesa wraps up Italian purchases from Gamesa

Spanish utility Endesa has wrapped up its agreement to acquire wind farms in Italy from Spain's Gamesa, with the purchase in February of the rights to develop the 62 MW Piano di Corda and 58 MW Serra Pelata wind farms in Calabria. With these deals, Endesa has now bought seven Italian wind farms with a total capacity of 240 MW from Gamesa for EUR 305 million. The 240 MW purchased is more than the 200 MW foreseen in the initial accord between the two Spanish companies. The 14 MW Iardino plant in the Campania region acquired from Gamesa has been operative since late 2005 while the 42 MW Montecute plant in Basilicata and a 20 MW plant in Poggi Alti in Tuscany acquired by Endesa as part of the accord were connected to the grid late last year. Two projects bought previously from Gamesa in Calabria and known as Marco A, Severino I and Severino II have a combined capacity of 44 MW. Outside of the Gamesa agreement, Endesa has added three further Italian wind plants to its portfolio. A 20 MW plant in Florinas, Sardinia, operative since late 2004, and a 23.8 MW wind farm in Vizzini on the island of Sicily was inaugurated last year. Endesa Italia says a 32.3 MW plant in Trapani, also in Sicily, should be connected to the grid shortly. In 2009, Endesa expects to have nearly 400 MW of Italian wind capacity on stream. That wind portfolio will provide it with 77% of the green certificates it needs to demonstrate it is meeting its renewable energy requirement under Italy's green power mandate.

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