Chile
Press Release

Mainstream Renewable Power registers its Alena and Río Escondido wind farms with the I-REC international standard.

Bnamericas Published: Tuesday, August 30, 2022

PRESS RELEASE from Mainstream Renewable Power 

(Please note that this is a machine translation)

Santiago, August 29, 2022.- Mainstream Renewable Power, a company that currently develops, builds and operates 10 wind and solar farms in Chile, registered through the local issuer, Santiago Climate Exchange (SCX), that the energy from its parks Río Escondido (solar) and Alena (wind) come from renewable sources.

This allows the company to issue I-REC certificates and marks the beginning of the registration process for its entire Cóndor portfolio, which includes the Tchamma (175 MW) and Cerro Tigre (184.4 MW) wind farms.

The I-REC certification is an international accreditation that allows generating companies to certify the origin of renewable sources in their electrical energy production processes and, in turn, ratify before their clients that the electricity supply they acquire actually comes from sources 100 % renewable and free of Greenhouse Gases.

In the case of Mainstream, the generation company has the registration for the issuance of I-REC certificates in two of the energy parks of its Andes Renovables platform: the Río Escondido solar park (145 MW), located in the Atacama Region and the Alena wind farm (86.4 MW), in the Biobío Region. Both projects are in operation and injecting clean and CO2-free energy into the national energy matrix.

“In Mainstream we have seen how the interest of Chilean companies to move towards carbon neutrality grows and many have understood the role they have in contributing to slowing down the effects of climate change. With the I-REC certification we can guarantee our clients that the energy we provide comes from renewable sources and, in this way, we help them achieve their goals in terms of sustainability”, said Andrés Curia, Head of Growth Management Latam of Mainstream Renewable Power.

Verónica Lizana, Corporate Manager of the Santiago Climate Exchange highlighted the advantage of having this instrument. “Since 2018 that I-REC has been present in Chile, we have grown steadily, and today with more than 100 registered plants, we confirm the value that having an international system that gives robustness and confidence to the declarations provides companies. about their preferences for renewable energies to carry out their activities, and to be able to contribute to the decarbonization of the economy”, he said.

The I-REC certification is an international accreditation that operates in more than 40 countries and is present in Chile through SCX, an organization in charge of reviewing the processes of renewable generation plants that want to certify their energy. With this, they seek to contribute to the development of the local market, by promoting and disseminating the virtues of having an international monitoring system in Chile that delivers value to stakeholders and thus encourage the energy transition towards renewable energy sources.

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