Enel Green Power (EGP), Italy’s biggest renewable energy company, announced on Monday that the geothermal capacity of the country has been increased by 20MW. The additional power is supplied by a new unit, located at a plant in central Italy.
The start-up unit is situated at the EGP’s geothermal plant near Siena in Tuscany and has increased the plan’s capacity to 60 MW. EGP stated that the plant will generate more than 140 million kilowatt hours of electricity when is going to operate at full output. This would be enough for 55,000 households and would deflect the emission of 200,000 tons of carbon dioxide.
At the end of September, the EGP installed capacity was 5,884 MW, including 742 MW, or 12.6 percent, of its geothermal capacity.
This augmentation has helped EGP to mark down a 5.6 percent rise in core earnings in the first nine months of 2010. Despite this small victory, EGP stock fell on its market debut on the Milan and Madrid stock exchanges on Nov. 4 due to low specialized investment in green energy.