MILAN Italy's biggest renewable energy company, Enel Green Power (EGP) has started up a new 16 megawatt wind farm in Spain as it expands in the Spanish renewable energy market, EGP said on Thursday.
Capacity at EGP, controlled by Italy's biggest utility Enel, is keenly watched by investors. It has driven a 35 percent jump in EGP's core earnings in the first half of 2011.
The new wind farm, in the province of Avila, will produce 42.7 million kilowatt hours of power a year, enough to meet the energy needs of about 15,800 households, and will cut CO2 emissions by 31,600 tonnes a year, EGP said in a statement.
The plant will add to 1,690 MW of EGP's total installed wind power generation capacity in the Iberian peninsula.
EGP's global installed capacity exceeds 6,100 MW, with more than 620 plants in operation around the world generating power from wind, sun, water, the earth's heat and biomass.
(Reporting by Svetlana Kovalyova; editing by Jason Neely)