Enel Signs PSA Worth 3 TWh RE per Annum With AngloAmerican

Enel and AngloAmerican have signed an agreement whereby Enel’s Chilean subsidiary will supply up to 3 TWh of renewable energy per year to AngloAmerican

Enel, through its Chilean subsidiary Enel Generación Chile, and global mining company AngloAmerican signed an agreement whereby Enel’s Chilean subsidiary will supply up to 3 TWh of renewable energy per year to AngloAmerican over a 10-year period, meeting the needs of the mining company’s operations in the country.

This agreement is the largest renewable energy supply deal ever signed by the Enel Group in terms of annual volumes as well as the largest deal of its kind in Chile.

The renewable energy from Enel Generación Chile will help AngloAmerican reduce its total CO2 emissions in Chile by over 70%. The agreement will take effect in 2021.

Enel, through its business line Enel Green Power, supplies renewable energy to commercial and industrial customers worldwide including Facebook, Google, Oreo maker Mondelez, Budweiser brewer AB InBev, banking group BBVA, and Coca-Cola bottler Femsa. These agreements are aimed at supplying reliable, customised and competitive renewable energy to corporate clients, helping them efficiently meet their environmental targets, while boosting renewable penetration globally.

Enel is Chile’s largest power company by installed capacity with around 7,500 MW, out of which 4,700 MW of renewables, composed of more than 3,500 MW of hydro, over 600 MW of wind, around 500 MW of solar and approx. 40 MW of geothermal. In 2018, Enel in Chile sold around 23.2 TWh of electricity. 

Recently, we reported that Enel, through its renewable subsidiary Enel Green Power RSA, has started construction on its 140 MW Garob wind farm located near the town of Copperton in South Africa’s Northern Cape province. Garob, which is the Group’s fifth wind project in the country, will involve an investment of over 200 million euros.

The project is the third renewable project Enel Green Power has started building in South Africa since the beginning of this year, in line with its investment programme in the country. The other projects are the Nxuba and Oyster Bay wind farms, of 140 MW each, for a total capacity of 420 MW under construction in South Africa.