ECONOMY

Enel buys wind park, boosts capacity

Italy’s largest utility Enel has acquired an 18.9-megawatt wind park at Lithos in the northern Peloponnese, increasing its installed capacity in Greece to over 127 MW, the company said yesterday. No financial details of the deal were given. Enel Green Power (EGP), which manages and develops Enel’s renewable energy operations in 13 countries, said the Lithos wind park is its third deal in Greece this year and that it views the Greek market as being of «high strategic importance.» «We aim at becoming a leading renewable energy company in the Greek market, through a well-balanced generation mix and the application of the most advanced technologies,» said Francesco Starace, president of Enel Green Power, in a statement. EGP’s projects in Greece are located in areas with strong wind potential, mainly in Thrace, northern Greece, where the company operates some 63 MW of wind parks, as well as in the Peloponnese, Evia, Crete and the Dodecanese areas, the company added. EGP operates 4,500 MW of hydro, wind, solar, geothermal and biomass plants in Europe and North and Latin America. Enel said it is preparing to sell a stake in the renewable-energy unit EGP as part of its plan to reduce debt. Chief Executive Officer Fulvio Conti told reporters in Milan yesterday the utility is «evaluating about a dozen offers» to purchase a take in Enel Green Power, Bloomberg reported.