Italy's biggest utility Enel and German renewable energy company SoWiTec have agreed to jointly develop wind power projects in Chile of up to 850 megawatts, Enel said on Friday.

Enel Green Power, Enel's renewable energy unit, will get exclusive rights for wind projects which SoWiTec develops in Chile and will have the right to buy these projects once they are approved by local authorities, Enel said in a statement.

The projects, with preliminary installed capacity of between 60 MW and 150 MW would boost Enel's presence on Chile's growing renewable energy market where the Italian group already has 90 MW of wind capacity and various geothermal concessions, it said.

Last year, Enel and SoWiTech joined forces to develop wind power projects in Brazil worth up to 1,000 MW.

(Reporting by Svetlana Kovalyova)

Energy Renewable energy