Enel SpA (ENEL.MI) said Thursday that it has been awarded the right to sign a number of contracts in Mexico to supply energy and clean-energy certificates on four wind projects.
The value of the order was not disclosed.
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The Italian company said that the total capacity of the projects is 593 megawatts.
Investments in the construction of the new facilities will come close to $700 million, in line with the investments outlined in the company's current strategic plan, it said.
The new plants--to be built in Acuna, Coahuila and Nuevo Leon--are expected to enter into operation in the first half of 2020, Enel said, and once fully operational, production of renewable energy is expected to be 2.09 terawatt hours a year.
Enel is the largest renewable-energy operator in Mexico in terms of installed capacity and project portfolio, it said.
It currently operates projects in the country with a total capacity of 728 megawatts, with 675 megawatts coming from wind and 53 megawatts from hydropower, the company said.
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(END) Dow Jones Newswires
November 23, 2017 06:34 ET (11:34 GMT)