Enel begins construction of Greece’s largest wind farm

Enel, through its Greek renewables subsidiary Enel Green Power Hellas S.A. (“EGPH”), has begun construction of the Kafireas wind power complex located on the southern part of the island Evia island, slightly northeast of the wider Athens area, in the municipality of Karistos, the company announced in a statement released today.

Once completed, the new facility will have a total installed capacity of 154 MW and rank as the country’s largest wind farm.

“The start of construction of Kafireas marks a new step for Enel’s presence in Greece, where we possess a decade-long experience in the renewables sector”, said Antonio Cammisecra, Head of Enel Green Power. “With this new facility we are not only committed to providing green and sustainable energy to the country, but also promoting the social and economic development of local communities by adopting the shared value approach for the construction and operation of this wind complex,” he added. 

Enel will invest approximately 300 million euros in the construction of Kafireas, which is expected to begin operating in the first quarter of 2019 and be supported by a 20-year power purchase agreement (PPA) with LAGIE, Greece’s Electricity Market Operator.

Kafireas, which will feature a high voltage (150kV) interconnection line to the mainland comprising overhead, submarine and underground cables, will be able to generate approximately 483 GWh per year, equivalent to the annual energy consumption needs of around 129,000 Greek households, while avoiding the emission of nearly 433,000 tons of CO2 each year.

EGPH already operates two wind farms in the municipality of Karistos, the 7.5 MW Iliolousti I and the 9 MW Iliolousti II. The company is a leading owner and operator of renewable energy plants in Greece with 308 MW of installed capacity from wind, hydro and solar power.

Enel Green Power, the Renewable Energies division of Enel Group, is dedicated to the development and operation of renewables across the world, with a presence in Europe, the Americas, Asia, Africa and Oceania. Enel Green Power is a global leader in the green energy sector with a managed capacity of 38 GW across a generation mix that includes wind, solar, geothermal, biomass and hydropower, and is at the forefront of integrating innovative technologies like storage systems into renewables power plants.

 

 

Italian minister’s refugee crisis visit to include energy matters

Italian foreign minister Paolo Gentiloni’s emergency visit to Athens today, prompted by the refugee crisis, will also include energy matters on its agenda.

A series of meetings scheduled during Gentiloni’s whirlwind visit to the Greek capital include one with energy minister Panos Skourletis. The Italian minister will be accompanied by four Italian energy company executives who intend to remind Skourletis of their interest in doing business in Greece.

According to sources, an official representing Terna will point out that the company remains interested in buying a stake of IPTO, the power grid operator, regardless of whether this is a 20 percent stake the government plans to offer to a strategic investor or a 66 percent share if the Greek government’s proposal is not approved by the country’s lenders. Many officials believe rejection of the government’s IPTO plan cannot be ruled out.

An Edison official is expected to remind of the company’s interest for stakes in units owned by PPC, the main power utility. The company favorably views PPC chief executive Manolis Panagiotakis’s intention to establish partnerships with other European companies for PPC-related projects. However, the Edison official is expected to underline that hydropower plants will need to be included in the overall package.

An Eni representative will raise a compensation issue concerning the premature end of the company’s regional natural gas market monopolies in Thessaloniki and Thessalia, prompted by bailout-related gas market reforms. Eni holds 49% stakes in the Thessalia and Thessaloniki EPA gas supply companies. DEPA, the Public Gas Corporation, holds majority 51 percent stakes in both.

An Enel official is expected to point out the company’s interest to increase its presence in Greece’s wind energy market.

Though no officials representing Snam have joined the Italian delegation, Gentiloni, Italy’s foreign minister, will highlight to Skourletis the Italian company’s interest in acquiring a 17 percent equity share of DESFA, the gas grid operator. Azeri energy company Socar, the winning bidder of an international tender offering 66 percent of DESFA, needs to surrender 17 percent following European Commision intervention.