Chile watch: El Paular Solar, wind tender, Puntilla results

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Wednesday, November 30, 2016

Authorities in Chile's Maule region (VII) are scheduled to review on December 19 an environmental impact assessment for the US$20mn, 9MW El Paular solar photovoltaic project.

The project is owned by a firm called Chester Solar VII, and if constructed, will connect to Chile's central SIC power grid. El Paular is envisioned for the city of Talca.

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Technical offers for a recently announced wind energy tender in Chile's Antofagasta region (II) are due on June 9, 2017.

The public lands ministry will award plots of state-owned land in the district of Taltal for wind projects with a minimum capacity of 100MW.

The area that authorities have set aside for the auction can accommodate up to 400MW of total wind capacity.

Economic offers are due on August 25, 2017. Click here for more information, in Spanish, about the process.

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Chilean hydroelectric generator Puntilla reported net income of 2.78bn pesos (US$4.12mn) for the first nine months of 2016, down 40.2% year-over-year.

In its MD&A for the period, Puntilla attributed the result to a decline in the value of derivatives associated with the financing of subsidiary Hidroñuble, which is developing the 136MW Ñuble run-of-the-river plant in Chile's Biobío region (VIII).

Puntilla's base of operating assets comprises 77.4MW of run-of-the-river capacity in the Maipo river basin in Santiago Metropolitan region.