April 6, 2018 / 8:11 AM / 20 days ago

Enel wins first green energy tender in India and plans to grow further

MILAN (Reuters) - Italy’s biggest utility Enel said on Friday it had won its first green energy tender in India and planned to expand further in the country.

The new logo of Italy's biggest utility Enel is seen at the Rome's headquarter, Italy, March 24, 2016. REUTERS/Stefano Rellandini/File Photo

Enel, one of Europe’s biggest renewable energy players, said it had won the right to sign a 25-year energy supply contract for a 285 megawatt wind power farm in the state of Gujarat.

The state-controlled utility said it would be investing more than $290 million to build the plant.

Antonio Cammisecra, head of Enel’s Green Power division, said the company considered India a strategic country.

“We are planning to expand further in India which will also serve as a platform for growth throughout the overall Asia Pacific region,” he said.

Reporting by Stephen Jewkes, editing by Giulia Segreti

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