Enel Green Power (EGP) has started construction of the new 129 MW Palo Alto wind farm in the Mexican state of Jalisco.
The wind farm, located in Ojuelos, is owned by Energia Limpia de Palo Alto, a subsidiary of Enel Green Power Mexico. The facility will comprise 43 wind turbines of 3 MW each.
Once fully operational, Palo Alto will be able to generate more than 350 GWh per year – equivalent to the annual energy consumption needs of about 200,000 Mexican households.
The wind farm, which is expected to be completed and enter into service in the second half of 2016, is supported by long-term power purchase agreements.
In line with the growth targets set out by the company's current strategic plan, EGP will be investing approximately $250 million, funded through EGP Group resources.
‘This new wind farm is an important step towards the consolidation of EGP's presence in Mexico, a market that has huge potential for development. Once Palo Alto is completed, our portfolio in the country will reach an installed capacity of over 600 MW," says Francesco Venturini, CEO of EGP.
"In line with our growth strategy in Latin America, Mexico is, alongside Chile and Brazil, one of the countries in which we have decided to focus our investments for the next five years, with the aim of boosting sustainable energy while both diversifying the country's energy mix and supporting the local economy.’
