Mainstream Renewable Power has achieved financial close for the third and final phase of its Andes Renovables wind and solar platform in Chile. The US$182 million in debt raised will be used to build the 'Copihue' phase which consists of one wind farm, named Camán, located in central Chile.
The project, which will commence operations in 2022, initially had an installed capacity of 100 MW but has since increased to 148.5 MW following the signing of an additional long-term, bilateral Power Purchase Agreement (PPA) with a strategic partner.
The senior debt financing comes from KfW IPEX-Bank, DNB, and CaixaBank, and the VAT financing comes from Scotiabank Chile. Sacyr will be the Balance of Plant contractor for the Camán wind farm and they will carry out the electrical connection works. The main transformer will be supplied by ABB.
Country updates
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July 05, 2021
Chile starts environmental review of 671 MWp Pauna Solar PV project in Maria Elena
The environmental authority for the Chilean region of Antofagasta has accepted to review the environmental impact statement (EIS) for a 671 MWp Pauna solar photovoltaic project located in the mun...
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New investor commits US$232mn for NextPower III
NextEnergy Capital Group (NEC) has announced new investor commitments of US$232 million into NextPower III ESG international solar fund (NPIII), taking total funds raised to date to US$530 million (in...
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June 28, 2021
Sonnedix starts construction of 160 MW Sonnedix Meseta de Los Andes solar project
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June 23, 2021
Highview Power, Enlasa partner for 50MW/500MWh Liquid Air Energy Storage Facility in the Atacama Region
Highview Enlasa, the 50/50 joint venture between Highview Power and Energía Latina S.A.-Enlasa, is developing the first liquid air long-duration energy storage project in Chile. This 50 MW/500...
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June 15, 2021
Statkarft receives approval for the development of 110 kV Cardonal-Quelentaro transmission line project in O'Higgins
The Government of O'Higgins has approved Statkraft A/S to develop a substation and 110 kV Cardonal-Quelentaro transmission line project located in O'Higgins, Aysen, Chile. The 110 kV Cardonal-Qu...
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