Mainstream completes final phase of US$1.8bn platform financing in Chile

Manuel Tagle, Mainstream’s General Manager for Latin America, said: "Andes Renovables will power the equivalent of more than 1.7 million Chilean homes and avoid the emission of more than 1.6 million tonnes of CO2 per annum, the same as that produced by approximately 350,000 cars each year.

"The ten wind and solar farms that make up the platform are located between the regions of Antofagasta and Los Lagos. It is precisely this geographical and technological diversification that will allow for a more secure and constant electricity supply.

"We are pleased to have increased the Copihue portfolio size by 50 percent by adding a bilateral PPA, in addition to the existing regulated PPA, which demonstrates our standing in the market.

"And it doesn’t stop there. We are using our platform in renewables and experience as a market leader to pioneer new developments in emerging technologies to complement existing capacity and ensure we are on the cutting edge of cleantech.

"In parallel to the Andes Renovables platform we are also investing in a new large-scale renewable platform, Nazca Renovables, and in the last few months we have signed four new energy supply contracts with private customers. We look forward to sharing more updates on both portfolios as they progress through development."