Acciona to Invest $500 Million for Chile Renewable-Power Plants

(Bloomberg) — Acciona SA, a Spanish energy developer,
expects to spend $500 million building wind and solar power
plants in Chile after receiving contracts to deliver 600
gigawatt-hours of electricity a year to distributors.

The company is planning 225 megawatts of renewable-power
projects that must go into service in 2018, Alcobendas, Spain-based Acciona said today in an e-mailed statement. The contracts
run for 15 years.

Chile awarded power contracts through a Dec. 12 auction.
Other recipients included GDF Suez SA, which expects to invest
$1.7 billion for a power plant and transmission lines, and
Electricite de France SA.

To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at
vdezem@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Will Wade, Jim Efstathiou Jr.

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us