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Chile energy power tender results

Chile energy power tender results


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.

Anand Gupta Editor - EQ Int'l Media Network


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