Building Energy SpA, multinational company operating as a global integrated IPP in the renewable energy industry, has announced the constitution of Building Energy Andes SpA, a joint venture with Scotta Group aimed to the development, construction and operation of renewable energy assets in Chile.
Energy Finance & Investment News in Chile
Aela Energía, a joint venture of Actis (60%) and Mainstream Renewable Power (40%), has secured project financing for the construction of two wind farms to be located in the Atacama and Los Lagos regions of Chile. Together the projects will contribute installed capacity of 299 MW to the Central Power Grid System.
Latin America Power Ltda (LAP) has issued US$412 million (€347.7 million) in bonds to refinance two wind farm projects located in Chile, the 184.8 MW San Juan and the 46 MW Totoral wind facilities.
Andes Green Energy, the South Korean energy company, is planning a 1GW solar complex in northern Chile, that will combine conventional PV panels and thermal technology that to produce power after sundown.
Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) has announced that it has entered into binding agreements to acquire 15 construction-stage, ground mount solar projects in Chile aggregating approximately 65 MW of capacity.
The Inter-American Investment Corporation (IIC), the private sector arm of the Inter-American Development Bank Group, has closed a US$135 million project finance loan to Aela Energía for the construction, operation and maintenance of three wind projects located in the Atacama, Los Lagos and Bio-Bio regions of Chile.
WSP Global Inc. has announced that it is pursuing its expansion in Latin America through the acquisition of Poch, a 730-employee professional services firm based in Chile. The firm has additional offices in Peru, Colombia and Mexico.
Sojitz Corporation has concluded a joint venture along with Shikoku Electric Power and Eiffage SA, to participate in the Huatacondo solar independent power producer project (IPP) in Chile.
Solarpack has raised a total of USD$104 million for nine PV plants in Chile and India.
ACCIONA has signed a €100 million (US$109 million) "green loan" with BBVA to partially fund its photovoltaic and wind energy projects in Chile.
Aela Generation SA is seeking US$175 million of financial support for a project involving the construction of two wind parks and a transmission line in Chile.
Borealis Infrastructure, the infrastructure investment manager of OMERS, has announced that it has signed an agreement to acquire a 34.6% stake in GNL Quintero S.A., (GNLQ).
South America’s first geothermal power plant Cerro Pabellón, which was built by the Enel Group’s renewable energy subsidiary Enel Green Power Chile Ltda. and Chile’s state-owned hydrocarbons company Empresa Nacional del Petróleo, has started delivering electricity to the Norte Grande Interconnected System that serves northern Chile.
IFC, a member of the World Bank Group, and the IFC Global Infrastructure Fund (GIF), a fund managed by the IFC Asset Management Company (AMC), have invested a combined US$100 million in Orazul Energy Partners LLC, an affiliate of Orazul Energy Holdings LLC, an energy platform in Latin America owned by I Squared Capital.
Chile’s Environmental Assessment Service has approved Mainstream Renewable Power’s 245 MW Escondido Solar PV facility, making it one of the largest approved projects in the Atacama region.
Chile has announced 4.2 GW renewables tender in order to supply the energy needs of the regulated customers of the Interconnected Systems (SIC and SING) from January 1, 2023, for 20 years.
Governments of Latin America to discuss investment opportunities for energy projects – Washington, D.C March 2017
Latin American public and private sector leaders will address countries’ policies and strategies to engage investors and stimulate open discussions. 250 energy developers, financiers and public sector stakeholders are expected to attend the meeting from North America and countries across Latin America.
Red Eléctrica Chile, a subsidiary of Red Eléctrica Internacional, and Engie Energia Chile, a subsidiary of ENGIE, have announced that they had secured financing to build an energy transmission line.