One of the largest energy companies in Spain will install 3,000 megawatts of wind energy in Argentina.
MADRID, Spain – Endesa And Elecnor have incorporated a company named Energias Argentinas, SA (ENARSA) to develop the projects. The wind farms have been approved both by the federal government in Argentina, as well as the local authorities in the regions where the turbines will be installed. The units will be installed in the regions of Patagonia, Rio Negro, Chubut, Neuquen and Santa Cruz over the next ten years. The strategic alliance has been signed by its wholly owned energy subsidiaries Enerfin (owned by Grupo Elecnor) and ENDESA Cogeneracion y Renovables. ENARSA will promote the construction of 280 MW of facilities in Chubut and Neuquen, with the first stage representing an investment of US$235 million. Elecnor will develop the project with wind technology from MADE. ENDESA Congeneracion y Renovables is a Spanish renewable energy company with interests in wind, small hydro, solar, biomass, solid waste and co-generation facilities. The company operates 195 projects with total capacity of 1,800 MW, claiming to hold 31 percent of the market in Spain for renewable energy generation. Endesa is one of the larger private electrical groups in the world, with a total installed capacity of 36,538 MW and 22 million customers in 12 countries. It is also the second largest telecommunications carrier in Spain.