Chile watch: Acciona, SunEdison, E-CL, Endesa, Chilectra

Monday, October 27, 2014

Acciona wind farm starts up

Acciona's Punta Palmeras wind farm in Chile began injecting power into the central SIC grid, a company statement said.

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Construction of the 45MW project in Coquimbo region (IV) began last November. Punta Palmeras is Acciona's first wind farm in Chile.

The site consists of 15 generators, each with 3MW capacity, and is expected to be fully operational in December.

SunEdison's global portfolio reaches 3GW

US-based solar developer SunEdison announced that its services division now manages a 3GW global portfolio of operational solar plants.

In Chile, the company operates the 94MW Amanecer Solar Cap facility and the 50MW San Andrés plant.

The company boasts 150MW of installed capacity in the country, a spokesperson said, with another 142MW under construction.

E-CL to issue US$350mn in bonds

Chilean generator E-CL will issue US$350mn in bonds. The notes mature after 10 years and carry a 4.5% interest rate, according to a company filing with securities regulator SVS.

Proceeds will go toward the prepayment of loans associated with project financing for the 330MW Andino thermo plant, the filing said.

Endesa Chile, Chilectra name new CEOs

Endesa Chile's board accepted the resignation of CEO Joaquín Galindo, a company statement said.

Galindo will be replaced by Valter Moro, a mechanical engineer with 18 years of experience with parent group Enel.

Related power distributor Chilectra also announced a change at the top, naming Andreas Gebhardt as CEO.

Gebhardt has 22 years of experience with the company, a Chilectra release said, most recently serving as commercial manager since 2006.

Gebhardt, a 48-year-old hydraulic civil engineer, will replace Cristián Fierro.