Mainstream wins 986 MW wind in highly competitive Chilean tender
Wind farm in Chile. Featured Image: Pablo Rogat/Shutterstock.com
In the latest power supply auction in Chile, completed Wednesday, Mainstream Renewable Power won contracts for 986 MW of wind projects 100%-owned by the Ireland-based renewables company.
This was the most competitive electricity tender in Chile's history, resulting in an average price of the contracted power of just USD 47.6 (EUR 42.1) per MWh. Total of 84 companies competed for 20-year power purchase contracts for 12,430 GWh annually, starting supply in 2021 and 2022.
Wind projects won about 40% of the total contracts and solar won between 10% and 12%, according to the National Energy Commission of Chile.
Mainstream said its seven winning projects represent an investment of USD 1.65 billion. In the coming months CEO Eddie O'Connor will be meeting with the heads of the main wind turbine makers “to discuss the next generation of turbines required for these projects”.