Parque Terra Energia Renovable Project is a 350MW onshore wind power project. It is planned in Antofagasta, Chile. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Onshore | 350 | – | 350 | Permitting | Antofagasta, Chile | AES Andes |
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Description
The project is being developed and currently owned by AES Andes. The company has a stake of 100%.
The project cost is expected to be around $376.203m.
The wind power project consists of 50 turbines, each with 7MW nameplate capacity.
The project will have 170m high towers.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.
About AES Andes
AES Andes SA (AES Andes), a subsidiary of The AES Corp, is an integrated electric utility. It produces, markets, exports and imports electric power. The company generates electricity using coal, gas, diesel, hydro, biomass and solar sources. AES Ander provides electricity in four independent markets: SIC and SING in Chile; SIN in Colombia; and SADI in Argentina. It owns energy storage and water desalination assets; and has interests in various water and power projects under construction phases. AES Andes operates a portfolio of generation assets in Chile, Colombia and Argentina. The company is owned by AES Corp, Chilean Pension Funds and other shareholders. AES Andes is headquartered in Santiago, Chile.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
