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    Engie to acquire 252-MW wind energy package in Chile


    October 3, 2022 - SeeNews Renewables

     

      October 3 (Renewables Now) - Chilean utility Engie Energia Chile SA said on Friday it had signed an agreement to acquire two operating wind farms totalling 101 MW, and a wind energy development of up to 151 MW.

      The company expects the transaction to close for USD 77 million (EUR 78.4m), the amount that will be spent on the acquisition of all shares in five special purpose vehicles (SPVs) that hold the assets. The sellers are five different entities.

      The purchase agreement requires the approval by Chile’s antitrust authority FNE, the utility added.

      The deal will see Engie Energia take possession of a package that includes the 36-MW San Pedro I wind farm, the 65-MW San Pedro II wind farm and a wind power project currently under development. All assets are located in the Dalcahue commune on Chiloe Island, southern Chile.

      With wind and solar farms developed in-house and the San Pedro turbines, the power company stands to reach close to 800 MW of installed renewables capacity by the end of 2022, it said.

      (USD 1.0 = EUR 1.018)

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