Enel Green Power buys into Italian wind
The two projects have all the necessary permits to build wind parks in the southern region of Calabria, in areas with high wind power output. The plants are expected to be operational in 2010, Enel said in a statement.
Enel did not disclose how much it paid renewable energy company Micropower for control of the projects.
Once in service, the two plants will generate around 150 million kilowatt hours of power a year, enough to meet the needs of around 60,000 households and avoid the annual emission of more than 110,000 tonnes of carbon dioxide (CO2), it said.
Enel Green Power Chairman Francesco Starace told Reuters in September the company planned several small acquisitions in wind power generation by the end of this year to boost its portfolio.
Enel Green Power has installed capacity of more than 4,500 MW, with power generated by more than 500 wind, solar, hydro, geothermal and biomass plants around the world.
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BEIJING - China plans to slash coal-fired power capacity at its five biggest utilities by as much as a third in two years by merging their assets, according to a document seen by Reuters and four sources with knowledge of the matter.
The move to shed older and less-efficient capacity is being driven by pressure to cut heavy debt levels at the utilities. China, is, however, building more coal-fired power plants and approving dozens of new mines to bolster a slowing economy.
The five utilities, which are controlled by the central government, accounted for around 44% of China’s total coal-fired power capacity…
