Mainstream Renewable Power has secured seven contracts from the National Energy Commission of Chile for constructing and operating wind energy plants with a combined investment value of $1.65bn.

The commission has awarded the projects through twenty-year term contracts. They will be built at various locations in Chile and are scheduled to begin supplying low-cost, clean energy into the grid from January 2021.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Mainstream Renewable Power's chief executive Eddie O’Connor said: “We had the industry foresight to take early positions in Chile and South Africa and we are rolling-out similar plans across Africa, Central America, and Asia.

"The projects will be built at various locations in Chile, scheduled to begin supplying energy into the grid from January 2021."

“We look forward to developing these projects to the highest standard to deliver competitive priced energy into the Chilean system from 2021. I will be meeting with the CEOs of the main wind turbine manufacturers in the coming months to discuss the next generation of turbines required for these projects.”

The company noted it has secured the biggest electricity tender in the country’s history. Eighty-four firms submitted 85,000 gigawatt hours (GWh) of bids for just over 12,000GWh of available power.

See Also:

In a joint venture with Actis, Mainstream also has another 300MW of wind projects expected to be built this year to provide power in Chile from 2017. It also has a 33MW windfarm, which has been in operation since 2014.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Image: Mainstream Renewable Power wins seven government contracts in Chile to build one gigawatt of wind energy plants. Photo: Courtesy of Mainstream Renewable Power.