Enel's Endesa Generacion Portugal Wins 15-Year Contract
August 27 2020 - 12:32PM
Dow Jones News
By Kim Richters
Enel SpA said Thursday that Endesa Generacion Portugal has won a
15-year contract with the Portuguese National Electrical
System.
The Portugese subsidiary of Spanish utility company Endesa SA,
which in turn is part of Rome-based energy company Enel SpA, won
the right to connect 99 megawatt of a new solar storage project to
the national grid.
The award is part of "preliminary results of the second
renewable tender organized by the Portuguese government," said
Enel.
The construction of the project, which is located in the Algarve
region and is expected to begin operations in 2024, will cost
around 90 million euros ($106.5 million).
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
August 27, 2020 12:17 ET (16:17 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Endesa (PK) (USOTC:ELEZY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Endesa (PK) (USOTC:ELEZY)
Historical Stock Chart
From Oct 2023 to Oct 2024
