Martin Libra, Head of LATAM at Prothea, an independent advisory boutique providing advisory and asset management services in the renewable energy sector, explains the chances opening up in the Chilean wind and solar market, which can now be considered a pioneer in the grid parity trend that is currently developing in Southern Europe.
CVE Chile, a subsidiary of the Cap Vert Energie (CVE) group, has recently signed a US$45 million deal with Solarpack to buy four under development solar plants, each with a capacity of 9MW.
LATAM Airlines Group has signed an agreement to have 80% of its energy consumption in Chile powered by renewable projects of Acciona Energia from September this year.
The French independent power producer (IPP) REDEN Solar has refinanced the bulk of its domestic assets raising €270 million (US$312 million) in the process.
Chilean power company Colbún has reached an agreement with First Solar to acquire a multitude of the PV company’s assets in Chile, including a 150MW PV project.
The National Mining Company of Chile (ENAMI) has contracted Acciona Energía to supply 100% of its electricity from renewable energy sources starting in April this year.
Acciona Energia has signed a renewable energy-based power purchase agreement (PPA) with Aguas Chañar, a water cycle management company in the region of Atacama, Chile.
Jenner Renewables, an IPP focused on renewable projects in Latin America, has reached financial close on a portfolio of 12 solar projects in Chile totaling 146MW.
