News / IPPToday #69: Chile awards concession for 607 MW wind park

IPPToday #69: Chile awards concession for 607 MW wind park

🕔 October 2, 2017
IPPToday #173: Statoil to develop 1200 MW offshore wind in Polish Baltic Sea

This article is part of a daily series of IPP articles. If you want to know more about the latest power generation projects globally visit our IPP Today section. You can receive them by email on a daily basis.

Chilean ministries of energy and public lands have awarded to Santiago-based power generator Colbun SA a lease for the development of the 607 MW Horizonta wind farm on government-owned land. 

The project will be constructed on an 8,000 ha plot of public land, located 70 km northeast from Taltal, Antofagasta region.

The investment for the project is estimated to reach around US$971 million

The concession establishes a study period of up to 48 months after the signing of the agreement between the parties, while the construction phase will allow a period of up to 36 months.

This concession is part of the second bidding process, launched by the Chilean government,  aimed at promoting wind projects on lands located in Taltal, one of the areas with the best quality of winds for this type of initiatives.

The 607 MW Horizonte project will represent about half of the country's current installed wind generation, which is 1,429 MW. 

As we reported in February, 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. 

The process began last December with the submission of the preliminary bases to the electricity distribution companies and continued on January 25 with the publication on the page.

One of the main changes in the bidding was the design of the blocks, where there are 3,540 GWh/year 24-hours-blocks and 660 GWh/year in quarterly or annual blocks.

We have recently informed about other wind projects in Chile:

League Tables

IPP Journal accepts project & transaction submissions to ensure that the data we have in our databases is accurate.

Download Submission Form  Download Submission Form


Subscribe to our newsletter and get in your inbox jobs, news and business opportunities.

The Africa Energy Forum (AEF MAURITIUS)
Spring Special Sidebar

Follow us on Twitter

Infrastructure & PPP news

InfraPPP World