Elecnor has won the contract to build a wind farm in the Magallanes and Chilean Antarctica Region of Chile, around 20 km north of the city of Punta Arenas (Cabo Negro), for the “Vientos Patagónicos SpA” power company formed by the Chilean state-owned firm ENAP and Pecket Energy S.A.-
The Vientos Patagónicos wind farm entails investment of around USD 22 million and includes the installation of three 69-metre turbines, each with a capacity of 3.45 MW, which will add just over 10 MW to the Regional Electricity System. The turbines, in line with industry standards, will have an estimated lifespan of 20 years.
Construction of the plant, on an EPC basis, will commence in the first quarter of 2019 and is slated to conclude at the end of the same year. According to ENAP, "this new project will contribute to the desired diversification of the energy matrix of Magallanes, enabling it to increase its use of renewable energy from 2% to 20%".
The project also has the backing of the Regional Government, which will contribute approximately USD five million via the National Regional Development Fund (FNDR). This project follows the recent construction by Elecnor of the San Juan wind farm.
This facility has a total installed capacity of 184.8 MW and is located in the Atacama Region.
These projects boost the Elecnor Group's activity in a country where non-conventional renewable energy projects (NCRE) have increased significantly over the past few years and are projected to account for 20% of total generation by 2025.
Elecnor reported a consolidated net profit of EUR 54.2 million for the first nine months of 2018, up 4.1% from EUR 52.1 million for the same period a year earlier. This growth was underpinned by the strong performances of the Infrastructure and Concessions businesses, the Group's two core mutually-enriching business areas.
At 30 September, Elecnor's consolidated sales totalled EUR 1,586.6 million, similar to the figure for the same period a year earlier of 1,585.4 million. Of total sales, 57% was achieved in international markets and 43% in the domestic arena.
The strong showing at international level is largely due to the activity of the Group's US subsidiary Elecnor Hawkeye, the construction of a wind farm in the Dominican Republic and two biomass plants in Portugal and the contribution of its wind farms in Australia. All complemented by the larger sales posted by the Infrastructure business in the domestic market, in particular in sectors such as telecommunications and power distribution.
The Spanish Concessions business saw its sales increase thanks to the strong production data of Spanish wind farms and the start-up of the revamped Malpica wind farm. The Concessions business outside Spain also posted improved sales year-on-year largely as a result of the start-up of the Charrua-Ancoa and Cantareira transmission lines in Chile and Brazil respectively.
At 30 September, the backlog stood at EUR 2,226 million, an increase of 3% from EUR 2,160 million at the end of 2017. Of this total, 78% (EUR 1,729 million) are international and the remaining 22% (EUR 497 million) domestic projects.
With a solid order backlog, the Elecnor Group is maintaining its overall 2018 target of surpassing last year's results.
Elecnor is one of the leading corporations in project development, construction and operation through two major mutually-enriching business areas: Infrastructure and Concessions.
Elecnor is firmly committed to the societies where it operates and to all its stakeholders, in order to promote a better future for coming generations.