Acciona Energia to double LatAm capacity to 2 GW by 2020

Acciona Energia, the renewable energy division of Spanish infrastructure group Acciona SA (BME:ANA), will double its renewable energy capacity in Latin America to more than 2 GW by 2020.

The company said so last week as it held an opening ceremony for its 246-MWp El Romero Solar photovoltaic (PV) plant in Chile. The facility in the Atacama desert was connected to the grid a year ago. It started supplying power to Google in January this year and from the start of 2018 will be providing electricity under contracts awarded in a Chilean tender in December 2014.

Acciona Energia currently owns 897 MW of wind and PV capacity in Latin America, located in Chile, Mexico and Costa Rica. In the last quarter of 2017 it will have another 700 MW under construction, including a 183-MW wind farm in Chile that will supply power under a contract awarded by the Chilean Energy Commission (CNE) in August 2016. This 700 MW of capacity will come online in 2018 and 2019, and Acciona has other advanced-stage projects that it expects to complete in 2020.

Chile last week announced that about 600 MW of renewable energy projects were successful in its latest power tender, which achieved an average price of USD 32.5 (EUR 28.1). The biggest winner was Italian energy group Enel SpA (BIT:ENEL), which secured 242 MW of projects.

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