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.