Chile's power auction wraps up with two winners, lot of unawarded volume

Solek Group PV park in Chile. Source: ABB (www.abb.com).

August 2 (Renewables Now) - Two companies were declared winners in Chile’s power tender on Monday, in a competition that awarded only 14.8% of the entire auctioned volume of electricity.

Chilean energy commission CNE intended to place 5,250 GWh per year for 15 years, but ended up with 777 GWh/year offered by the two winning bidders -- Zapaleri SpA and Fotowatio Renewable Ventures (FRV).

The technology-neutral contest wrapped up with an average price of USD 37.380 (EUR 36.495) per MWh, up by 57.2% compared to last year’s tender, with both winners offering to sell power from their renewable energy projects.

Details on the bids are in the table below:

Awarded bidder: Awarded volume (GWh/year): Average price (USD/MWh): Technology:
Zapaleri SpA 126.0 38.359 Solar PV, storage
FRV Development Chile I SpA 651.0 37.190 Solar PV, wind

Spanish language energy portal Energia Estrategica exclusively learned that Canadian Solar Inc (NASDAQ:CSIQ) is behind the entity Zapaleri SpA.

Zapaleri and FRV, selected from a pool of 15 participants, will be entitled to 15-year power purchase agreements (PPAs) with qualified distributors.

The power supply is due to start from January 1, 2027.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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