Repsol Ibereólica Renovables Chile signs power purchase agreement for its Atacama wind power project

Repsol Ibereólica Renovables Chile, a company jointly owned by Repsol and the Ibereólica Renovables Group, with 50% each, has signed a 14-year power purchase agreement (PPA) for its Atacama wind farm, guaranteeing double-digit profitability of this renewable generation asset.

The project, with a total capacity of 180 megawatts (MW), is located in the Chilean municipality of Freirina, in the province of Huasco and the region of Atacama. It is expected to start-up in the second half of 2022.

The Atacama wind farm is the second that Repsol and the Ibereólica Renovables Group are jointly developing in Chile, after Cabo Leones III. The joint venture between the two companies created last July has a portfolio of assets in operation, construction, or advanced development of more than 1,600 MW until 2025 in this South American country, with the possibility of exceeding 2,600 MW by 2030.

Repsol and the Ibereólica Renovables Group are already making progress in the construction of their first joint wind farm in Chile, called Cabo Leones III, with an installed capacity of 189 MW. This project is also located in the Atacama region and is divided into two phases. The first phase (79 MW) entered into commercial operation last December. The second (110 MW) will begin to supply electricity commercially in the second quarter of 2021.