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Chile energy power tender results

Chile energy power tender results

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The Chilean government unveiled the results of its latest power tender to supply 12,430 GWh to regulated customers starting in 2021.

The average winning price was US$ 47,6 per megawatt hour (MWh). It is the lowest price since tenders started a decade ago. It is also 40% below the average price of  US$ 79,3 reached in 2015 and 66% below the average price of US$130/MWh reached in 2013.

Following this tender, the government estimated energy bills will go down by 20% from 2021.The tender received 84 bids, adding up 85,000GWh a year, almost seven times morethan the 12,430 GWh auctioned by the National Energy Commission (CNE).

Key Auction Winners included:

Endesa Chile: The company is Chile ́s largest energy company, with 6,3GW of hydro, thermal and wind energy capacity.

Mainstream Renewable Power: The company will supply 3,366GWh a year  through the construction of seven wind farms that will add 986MW to Chile ́s energy grid, with a US$1.65bn investment.

WPD: A German company that operates Malleco, Negrete and Santa Fe wind farms in Chile.

Acciona: The Spanish company will build 183MW San Gabriel wind farm in

Southern Araucanía region (IX), adding a total supply of 506GWh a year.

Ibereólica: The Spanish company will develop Cabo Leones project in northern Atacama region (III).

SunEdison: submitted a US$29,1/MWh bid for its María Elena solar project.

Aela: Chilean company working in partnership with Mainstream.

GPC, a unit of Gas Natural Fenosa: The firm will supply 850GWh a year

thanks to the construction of 320MW of wind and solar capacity.

Besalco Energías Renovables: The Chilean company was also awarded a

contract at the auction.

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Anand Gupta Editor - EQ Int'l Media Network

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