Opdenergy to build over 600 MW of wind, solar after auction win in Chile

Spain’s Opdenergy Holding SA announced it had secured a 15-year contract for the supply of electricity in Chile’s power auction, and will build wind and solar farms totalling over 600 MW to meet its obligations.

The Spanish independent power producer (IPP) submitted offers for 819 GWh/year, and succeeded in placing the entire volume under contracts, it said.

The auction to place the supply of 2,310 GWh/year with qualified distributors was open to all technologies, but in the end only wind, solar and storage projects were awarded 15-year power purchase agreements (PPAs).

Opdenergy, participating as Opde Chile SpA, was declared the auction winner alongside Canadian Solar Libertador Solar Holding SpA, Sonnedix PPA Holding SpA, Raco Energia SpA and Parque Eolico San Andres SpA, Chilean energy commission CNE announced on Tuesday.

Parque Eolico San Andres SpA is a special purpose vehicle held by EDP Renovaveis SA (ELI:EDPR), which confirmed the award in a separate statement. The vehicle will build the 120-MW San Andres wind farm for its portion of the supply.

Opdenergy’s previous experience with Chilean auctions includes the award of 176 GWh/year in 2016. The contracted power will be generated by the 50-MW La Estrella wind farm, which started operation earlier in 2021, and the 104-MWp Sol de Los Andes solar farm, due to go online by the end of the year, the IPP added.

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