Saturday, Mar 25, 2023
International Finance
Energy Featured

Mainstream begins building power lines for Chilean clean energy projects

Chile Mainstream
The power lines will connect 630 MW of wind and solar projects as part of Mainstream's 1.3 GW Andes Renovables platform

Mainstream Renewable Power has started construction of transmission lines to connect 630 MW of wind and solar projects as part of its 1.3 GW Andes Renovables platform in Chile. Mainstream is building the transmission lines to initiate the second phase of the project.

Last year, the company raised $580 million in debt to finance the construction of phase one of the project. Andes Renovables is one of Latin America’s wind and solar generation platforms. It received financing for the project from a consortium of six banks, including CaixaBank, DNB, KfW IPEX-Bank, Natixis, SMBC, and Societe Generale.

The second phase of Andes Renovables is known as Huemul. It is reported that Huemul is one of Mainstream’s three plans to build in Chile. Mainstream’s Group Chief Executive Andy Kinsella, told the media, “Breaking ground at Mainstream’s 1.3 gigawatt Andes Renovables platform is a major milestone in our long-term commitment to bringing low cost, clean energy generation to Chile. The start of delivery of this USD$1.7 billion, three-phase project – one of the largest wind and solar power generation platforms in Latin America – is further evidence of Mainstream’s position as the world’s leading independent developer of renewables, with 9 gigawatts of assets in development across Latin America, Africa and Southeast Asia.”

Huemel will comprise three wind and two solar photovoltaic built in Antofagasta, Atacama, and Los Lagos. Phase one of the project will see three wind and one solar photovoltaic project which is currently under construction, media reports said. The assets are expected to begin commercial operations in 2021 and generate sustainable electricity across Chile.

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.