Acciona wins power off-take deals for 255 MW of wind, PV projects in Chile
Dec 16, 2014 - Acciona Energia Chile will develop 255 MW of wind and photovoltaic (PV) projects to supply 600 GWh a year from January 2018 as a result of Chile's energy auction last week.
The local unit of Spanish engineering and renewables group Acciona (BME:ANA) will fulfill the 15-year contracts with a mix of energy from projects in different regions of the country, it said in a press release on Wednesday. A day earlier Jorge Calderon, commercial manager of Acciona Energia Chile, revealed details to local daily Estrategia in an interview.
Apart from traditional contracts, the auction included some flexible terms of supply to attract renewable energy developers. According to Calderon, the results prove that renewable energy can be competitive compared to conventional energy.
The government sought to secure up to 13,000 GWh a year for power distributors within the central system SIC, including 2,000 GWh a year of renewable energy. The contracts will be for 15 years, starting between 2016 and 2019.
Diana Hristova is our expert for Latin America. She has spent several years following the diverse industries in the region, the energy sector most of all. Now Diana is exploring Latin America’s huge wind, solar, geothermal and hydropower potential.