Energy Central Professional


Chile's power auction wraps up with two winners, lot of unawarded volume

SeeNews Renewables  


    August 2 (Renewables Now) - Two companies were declared winners in Chile’s power tender on Monday, in a competition that awarded only 14.8% of the entire auctioned volume of electricity.

    Chilean energy commission CNE intended to place 5,250 GWh per year for 15 years, but ended up with 777 GWh/year offered by the two winning bidders -- Zapaleri SpA and Fotowatio Renewable Ventures (FRV).

    The technology-neutral contest wrapped up with an average price of USD 37.380 (EUR 36.495) per MWh, up by 57.2% compared to last year’s tender, with both winners offering to sell power from their renewable energy projects.

    Details on the bids are in the table below:

    Awarded bidder: Awarded volume (GWh/year): Average price (USD/MWh): Technology:
    Zapaleri SpA 126.0 38.359 Solar PV, storage
    FRV Development Chile I SpA 651.0 37.190 Solar PV, wind

    Spanish language energy portal Energia Estrategica exclusively learned that Canadian Solar Inc (NASDAQ:CSIQ) is behind the entity Zapaleri SpA.

    Zapaleri and FRV, selected from a pool of 15 participants, will be entitled to 15-year power purchase agreements (PPAs) with qualified distributors.

    The power supply is due to start from January 1, 2027.


Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.