Chile announces 4.2 GW renewables tender

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 is the design of the blocks, where there are 3,540 GWh/year 24-hours-blocks and 660 GWh/year in quarterly or annual blocks; The two-stage adjudication mechanism and the increase in guarantee ballots, from 400 UF/Wh to 800 UF/GWh in total for projects.

In terms of deadlines, authorities pointed out that the official call will be held at the end of January. It will not be until October 11, when the presentation of bids can be made and before the end of that month, the auction will be finalized.