Wind and solar energy firm Mainstream Renewable Power has secured contracts from the National Energy Commission of Chile to build and operate seven wind energy plants, worth a total of $1.65bn.
The Irish firm was one of the main beneficiaries of the biggest electricity tender in the country’s history.
The tender attracted 84 companies, which submitted 85,000GWh of bids for over 12,000GWh of available power. Mainstream was awarded the contract to supply 986MW of power.
The projects were awarded through 20-year-term contracts and are expected to start supplying low-cost, clean energy into the grid from January 2021.
Mainstream CEO Eddie O’Connor said: “Today’s win underpins Mainstream’s standing as the leading independent renewable energy company in high-growth emerging energy markets.
“We had the industry foresight to take early positions in Chile and South Africa and we are rolling-out similar plans across Africa, Central America and Asia. We look forward to developing these projects to the highest standard to deliver competitive priced energy into the Chilean system from 2021.
“I will be meeting with the CEOs of the main wind turbine manufacturers in the coming months to discuss the next generation of turbines required for these projects.”