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EDP Renewables has reached agreements to acquire a 628MW wind and solar portfolio in Chile, with commercial operations expected to commence between 2023 and 2025.
The portfolio consists of a 77 MW wind farm with a 20-year PPA, expected to enter in operation in 2023, and 551MW in projects under development, including two wind farms totalling 297MW and one 254 MWac solar park. The transaction has been reached through two separate agreements with Atacama Energy and Lader Energy for a total consideration of up to US$ 38 million, conditional to the successful achievement of pre-determined milestones for each project.
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