Through its subsidiary Inelec, Enel Green Power, has concluded an agreement with Banco Bilbao Vizcaya Argentaria Bancomer (BBVA) for a 100 million US dollar loan aimed at partially covering its planned investments in the Mexican state of Oaxaca.
The 5-year loan will be disbursed by 2013 at an interest rate in line with the market benchmark and will be backed by a parent company guarantee released by Enel Green Power.
Enel Green Power currently has around 197 MW of installed capacity in Mexico, 144 MW of which wind power and 53 MW of which hydroelectric.
Enel Green Power (enel.com) is the Enel Group company fully dedicated to the development and management of renewable energy sources at the international level, with operations in Europe and the Americas. The company generated more than 25 billion kWh in 2012 from water, sun, wind and the Earths heat - enough to meet the energy needs of approximately 10 million households and avoid the emission of over 18 million tonnes of CO2 into the atmosphere. Enel Green Power is a world leader in the sector thanks to its well-balanced generation mix, providing generation volumes well over the sector average. The Company has an installed capacity of more than 8,000 MW from a mix of sources including wind, solar, hydroelectric, geothermal, and biomass. Currently, EGP has over 700 operational plants in 16 countries in Europe and the Americas.
In Latin America, Enel Green Power runs renewable energy plants in Mexico, Costa Rica, Guatemala, Panama, Chile and Brazil for a total installed capacity of 990 MW as of today. In the wind sector, the company is currently building wind farms in Brazil for a total capacity of around 283 MW and has 24 MW installed wind capacity in Costa Rica, 144 MW in Mexico and 90 MW installed in Chile, where the company is also constructing the 90 MW Valle de los Vientos wind farm. With its century-long experience in the field of geothermal energy, Enel Green Power is developing new opportunities in this sector. In Chile, in particular, the company is exploring several concessions for a potential capacity exceeding 100 MW.