Mainstream Renewable Power has completed the first phase of its 1,350 MW Andes Renovables wind and solar power platform in Chile, with a total capacity of 571 MW. The development implies that the portfolio has begun delivering electricity to Chile’s National Electricity System and has begun testing prior to commercial operation in order to ensure optimal performance.
The Condor portfolio is the first of three that comprise Mainstream’s Andes Renovables platform in Chile, which includes seven wind and three solar PV generating assets totaling roughly $1.8 billion in investment and more than 1.35 GW of installed clean energy capacity. When the Condor portfolio achieves full capacity by the second part of 2021, it will provide 100% renewable energy to over 680,000 Chilean homes.
The portfolio currently includes three wind farms and one solar farm in the areas of Antofagasta, Atacama, and Biobo. Mainstream is putting $1.8 billion into the Andes Renovables platform. The second stage, 630 MW Huemul, attained financial closure in September 2020, and the last stage, 148.5 MW Copihue, on June 30, 2021.
Mainstream has been given a 20-year contract by Chile’s National Energy Commission to deliver 3,366 GWh of firm electricity each year beginning in 2021. Mainstream has also supplied an additional 332 MW of wind energy in Chile through its joint venture partner Actis’ Aela Platform. In Chile, Mainstream is developing an additional 3 GW of wind and solar PV generating assets. These wind and solar projects will help to decarbonize Chile’s energy grid while also decreasing the country’s power generating expenses.
