Mainstream announced on Wednesday 17 August 2016 its success in the Chilean government bids. It was awarded contracts by the National Energy Commission of Chile to build and operate seven utility-scale wind energy plants with a total investment value of USD $1.65bn. The projects, awarded via twenty year term contracts, are located throughout Chile and are scheduled to begin supplying low-cost, clean energy into the grid from January 2021.
Mainstream was one of the leading beneficiaries in what was the most competitive and biggest electricity tender in the country’s history. Eighty-four companies submitted 85,000 gigawatt hours (GWh) of bids for just over 12,000 GWh of available power – nearly seven times more power bid than could be awarded. This round also marks the first time Mainstream has participated independently in a Chilean bid and all projects are 100% Mainstream owned.
Since entering the Chilean market in 2009, Mainstream has built up the most comprehensive portfolio of wind and solar energy projects among its peers in the country, extending to over 2,000 megawatts across more than 40 projects throughout the country. Through its joint venture with Actis (“Aela Energia”), Mainstream has 300 megawatts of wind projects (which it won in the 2015 auction) in construction in Chile to deliver energy in 2018 as well as a 33 megawatt wind farm which has been in operation since 2014.
Mainstream Chile takes the role of community engagement very seriously and it is a significant part of Mainstream’s Global Development Standard. Bart states ‘we pride ourselves on the high standards to which we develop projects and our engagement with the communities in which our projects are located’. We ensure all community engagement is open, honest and transparent. We aim to develop projects both with respect to the communities and the surrounding environment.