Enel Green Power Brasil Participações Ltda. (EGPB) has started construction of the 716MW Lagoa dos Ventos wind farm in the municipalities of Lagoa do Barro do Piauí, Queimada Nova and Dom Inocêncio, in Brazil’s northeastern state of Piauí. Lagoa dos Ventos, which is expected to enter into operation in 2021, is the largest wind facility currently under construction in South America.
The investment for the construction of the facility will amount to around 3 billion Brazilian reais, equivalent to over € 700 million at the current exchange rate. The Lagoa dos Ventos wind facility is comprised of 230 wind turbines and out of the wind farm’s total installed capacity, 510MW were awarded to Enel Green Power in Brazil’s A-6 public tender in December 2017 and is supported by 20-year power supply contracts with a pool of distribution companies operating in the country’s regulated market, while the output from the remaining 206 MW will be delivered to the free market for sale to retails customers.
