ENLAY - Enel to build three big renewable energy projects in Texas

Enel Green Power ([[ENLAY]] +0.7%) plans to build three major renewable energy projects in Texas, the Houston Chronicle reports: its largest North American solar farm near Waco, another in Grimes County northwest of Houston, and a wind project near Abilene.The Italian company estimates the three projects would provide combined capacity to generate nearly 1,200 MW of electricity, boosting its total generating capacity in Texas to 2,000 MW, or enough to power ~400K homes.Part of Texas' appeal is the relative ease of permitting energy projects, Georgios Papadimitriou, head of Enel Green Power in the U.S. and Canada, tells the Chronicle.The company has not disclosed how much it plans to invest in the projects, but it generally costs ~$1B to bring 1,000 MW of clean energy generation online, according to the report.In addition to the Texas projects, Enel also plans to build a 200 MW wind farm in Illinois and a 140

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Enel to build three big renewable energy projects in Texas