Italy

Italy

Wind Wire: Acquisition

1 December 2009

Enel Green Power, the renewable energy division of Italian utility Enel, has acquired majority stakes in two authorised wind farm projects with a combined capacity of 64 MW in the southern Italian region of Calabria.

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The stakes were acquired from Italian renewable energy group Micropower for an undisclosed sum. The first wind farm in Calabria is a 56 MW facility in the municipalities of Maida and Cortale, while the second, an 8 MW project, is sited in San Floro. Both wind farms are due to be operational in 2010. Enel has recently begun focusing on building a wind portfolio in Calabria, currently one of Italy's hottest regions for wind projects. Earlier in 2009, it unveiled a 50-50 joint venture with Japanese developer Eurus for the development of up to 400 MW of projects in the region.

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