Italy’s Enel Greenpower will invest $320 million in a geothermal power plant in northern Chile in a joint venture with state energy firm ENAP, the companies said.
The 48-megawatt Cerro Pabellon project will be the first geothermal power plant in South America, a region rich in geothermal resources. Situated at around 4,500 meters (nearly 15,000 feet) above sea level in the Andean Altiplano, it also will be the world’s highest binary geothermal plant.
The project will provide 340 gigawatt hours of electricity annually to Chile’s Sistema Interconectado del Norte Grande (SING) grid, enough to power 154,000 homes and displace the ...
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