Correction for Enel Wind Farms Story

By Nathan AllenFeaturesDow Jones Newswires

Italy's Enel SpA (ENEL.MI) has won a Brazilian government tender to build three wind farms in the country's northeastern region with a combined capacity of 618 megawatts, the company said Wednesday.

Enel said it plans to invest about $750 million in the construction of the plants, which will generate about three terawatt hours of electricity per year.

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The Italian utility said this is the second tender it won in Brazil this week, the two awards representing overall new capacity of more than 1 gigawatt and total investment of some $1 billion.

The wind farms will be supported by 20-year power supply contracts with local distribution companies, and are expected to enter operations in 2023, Enel said in a statement.

Write to Nathan Allen at nathan.allen@dowjones.com

Corrections & Amplifications

This item was corrected at 5:04 p.m. ET to show that Enel said this is the second tender it won in Brazil this week, the two awards representing overall new capacity of more than 1 gigawatt and total investment of some $1 billion. The original incorrectly stated this was the second renewable-energy contract Enel signed in Brazil this week and that it brought its total investment in the country to roughly $1 billion.

The Italian utility said this is the second tender it won in Brazil this week, the two awards representing overall new capacity of more than 1 gigawatt and total investment of some $1 billion. "Enel Wins Tender for Three Wind Farms in Brazil," at 1:11 ET, mistakenly said, in the third paragraph, this was the second renewable-energy contract Enel signed in Brazil this week and that it brought its total investment in the country to roughly $1 billion.

(END) Dow Jones Newswires

December 20, 2017 17:18 ET (22:18 GMT)