12-20-17 1:11 PM EST | Email Article
   By Nathan Allen 
 

Italy's Enel SpA (ENEL.MI) has won a Brazilian government tender to build three wind farms in the country's northeastern region with a combined capacity of 618 megawatts, the company said Wednesday.

Enel said it plans to invest about $750 million in the construction of the plants, which will generate about three terawatt hours of electricity per year.

The Italian utility said this is the second renewable-energy contract it has signed in Brazil this week and brings its total planned investment in the country to roughly $1 billion.

The wind farms will be supported by 20-year power supply contracts with local distribution companies, and are expected to enter operations in 2023, Enel said in a statement.

 

Write to Nathan Allen at nathan.allen@dowjones.com

 

(END) Dow Jones Newswires

December 20, 2017 13:11 ET (18:11 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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