Enel wins 41 MW in Italian renewables public auction

• Enel SpA (BIT: ENEL) revealed today its subsidiaries Enel Green Power Italia as well as Enel Produzione have actually been awarded 41.2 MW of renewable energy projects in Italy's most current tender.

Of the awarded capacity, 39.9 MW originates from six new solar projects as well as four repairs of already-operational hydropower plants (HPPs). The continuing to be 1.3 MW is for small-scale solar capability, consisting of 4 systems on the roofings of company-owned structures.

The huge solar plants will be built in Emilia-Romagna and also Sicily, with the beginning of building and construction anticipated to take place in 2021. The HPP repairs in the Piedmont and Veneto areas will certainly be implemented in between 2021 as well as 2023.

The public auction, the fifth held by the Italian state-owned power solution system operator Gestore dei Servizi Energetici GSE SpA, awarded simply 73.7 MW, while it targeted 1,582 MW of capability.

"The end result of the fifth GSE public auction, with around 5% of offered ability designated, a project offering dramatically lower than the tender volumes and seeing the engagement of just a few drivers, is the lowest ever before taped," Enel Green Power Chief Executive Officer as well as director and head of Enel's Global Power Generation business line, Salvatore Bernabei, noted.