Engie Energia Chile and Solairedirect, subsidiaries of French utility Engie, have announced plans to jointly develop 400 MW of solar power in Chile.
The two companies have agreed to work on photovoltaic (PV) projects in the northern and central parts of Chile for a period of one year. Both the companies will own the project equally, however, Engie Energia has an option to acquire 100% of the project.
Engie Energia Chile holds a fossil-fuel dominated generation portfolio across Chile supplying power mainly to industrial and mining companies’ located in Chile’s Great North.
Solairedirect already has presence in Chile’s solar market and inaugurated its first solar park in Andacallo in December 2013. Company also recently won a 23 MW PV project at a tender in Mexico, offering a price of $48/MWh.
Recently at country’s biggest power auction, both these companies had jointly submitted a bid to offer services for 83 MWp Capricornio PV project, however, it was not selected in the tender. In the auction, SunEdison set a new record-low solar bid at 2.91¢/kWh ($29.1/MWh).
Engie, through its various subsidiaries, operates two solar power projects in Chile and in process of building a third one with an aggregate capacity of 55.3 MW.