Aela Energía, the Chilean joint venture between Actis and Mainstream Renewable Power was awarded Power Purchase Agreements (PPA) for the supply of renewable energy from five wind farms in Chile with a combined generation capacity of 343MW.
The agreements were awarded under a competitive tendering process run by the National Energy Commission (Comisiόn Nacional de Energίa). With a combined investment value of approximately US$ 860 million, four of the facilities are expected to reach financial close during 2015 and commence construction shortly after. One of the facilities, the Negrete Wind Farm has been in operation since early 2014. The PPAs, which will supply 26 Chilean distribution companies across the country, are for a term of 15 years. The joint venture company Aela Energía is 40% owned by Mainstream and 60% by Actis. In addition to developing the projects, Mainstream will manage their construction and operation on behalf of the joint venture. The projects awarded were:
- Negrete Wind Farm (33MW) located in the Bio Bio region, has been in operation since early 2014.
- Alena Wind Farm (44MW) located in the Bio Bio region.
- San Manuel Wind Farm (26MW) located in the Bio Bio region.
- Sarco Wind Farm (150MW) located in the Atacama region.
- Aurora Wind Farm (90MW) located in the Los Lagos region.
