Global solar developer, SunEdison, is to supply 570GWh of solar-generated power to the grid in Chile by 2017.
The company has been awarded 15-year contracts for 350MW of solar in Chile and said it would spend around US$700 million developing the projects.
Under the terms of the contracts, SunEdison said it would supply 190GWh by 2016 and another 350GWh by 2017 to Chile’s central SIC grid.
The 570GWh was awarded in a tender, organised by Chile's National Energy Commission (CNE). SunEdison bid a low offer of US$89 per MWh for the first 190GWh, and an even lower US$85 per MWh for the 350GWh block.
"SunEdison has demonstrated the ability to provide innovative energy solutions to compete on equal terms in [Chile]. For this bid, we have developed a portfolio of strategic projects that will provide diversification of the matrix and help solve the country's supply deficit based on clean and sustainable energy," said SunEdison Chile chief executive, Alfredo Solar.
SunEdison also recently won a US$130 million deal for a 69.5MW solar power plant development in Chile, and has many other solar power plants completed and under development in the Latin American country, including some of the world’s first merchant power plants.