Enel invested approximately $110m in the construction of Horizonte, as part of the investments foreseen in the company’s current strategic plan, and is financed through Enel Group’s own resources, as well as long-term financing provided by Banco do Nordeste.
The solar park is supported by a 20-year power purchase agreement (PPA) with the Brazilian Chamber of Commercialisation of Electric Energy (Càƒ¢mara de Comercializaàƒ§àƒ£o da Energia Elétrica, CCEE).
The Horizonte solar facility is comprised of almost 330,000 solar panels and will be able to produce more than 220 GWh per year once fully operational.
Enel Green Power head Antonio Cammisecra said: “The entry into service of Horizonte marks a new milestone for the Group’s presence in the Brazilian solar market, where in just over eight months we added four projects for a total capacity of 807 MW, which include South America’s largest PV facility currently in operation, Nova Olinda.
In line with the Enel Group’s Creating Shared Value (CSV) model, which aims to combine business development and local community needs, EGPB has carried out initiatives to enable income generation for the communities neighbouring the plant, such as creative workshops for the manufacturing of furniture from recycled materials used in construction works.
In the state of Bahia, EGPB already operates 706 MW of wind capacity and 515 MW of solar capacity, which include, in addition to Horizonte, the 254 MW Ituverava and the 158 MW Lapa solar parks.
Energy Business Review reports that the Enel Group, through its subsidiaries EGPB and Enel Brasil, has a total installed renewable capacity of nearly 2.9 GW in Brazil, of which 842 MW comes from wind power, 819 MW from solar PV and 1270 MW from hydro.