Mainstream’s Chilean joint venture appoints new CEO

aela energia logoSergio del Campo Appointed as Chief Executive of Aela Energía

Aela Energía, the wind and solar generation company launched last year in Chile, has appointed former Chilean Undersecretary for Energy, Sergio del Campo as its Chief Executive Officer.

Aela Energía is a joint venture company owned by 60% by Actis, the pan-emerging markets private equity firm and 40% by Mainstream Renewable Power, the global renewable energy developer. The company aims to have over 600 megawatts of wind and solar projects operational in Chile by early 2016.

The company’s first project, the 33MW Negrete wind farm in the Bío Bío region of Southern Chile began commercial operation in February 2014.  The remaining portfolio of wind and solar projects are at the advanced stages of development with two wind farms and one solar park due to commence construction during 2014.

The projects are being fully developed by Mainstream and will be purchased by Aela at financial close.  Mainstream will continue to manage the construction and operation of the projects on behalf of Aela Energía.

Commenting on his appointment, Sergio del Campo said: “I am delighted to take this leadership position in Aela Energía which is owned by two highly experienced leaders in the global energy market.

Aela Energía is focussed on meeting the electricity needs of large-scale industrial consumers in Chile such as mines that need security of supply and competitive electricity prices.  With its experienced team, advanced projects and strong partners, Aela is positioned to become the leading renewable energy company in Chile. Our goal is to deliver clean, cost competitive energy to the market as a reliable high-quality supplier.”

He continued: “Wind and solar power are unique because the cost of the fuel is free and it always will be. The long term price certainty that wind and solar energy inputs provide has a strong stabilising effect on energy costs and that is why more and more companies around the world are adding renewables to their fuel mix.”

He concluded: “Here in Chile we have a strong competitive advantage in our excellent wind and solar resource and our aim at Aela is to harness this free resource for the benefit of our country.”

Ends.

About Aela Energía

Aela Energía is a renewable energy generation business. It was formed in June 2013 to deliver over 600MW of wind and solar projects into operation in Chile by early 2016.   The joint venture company is owned by Actis (60%), the pan-emerging markets private equity firm and Mainstream Renewable Power (40%), the global renewable energy developer.  The projects have been fully developed by Mainstream and will be purchased by Aela at financial close.  Mainstream will continue to manage the construction and operation of the projects on behalf of Aela Energía.

Aela’s first project, the 33MW Negrete wind farm in the Bío Bío region of Southern Chile began commercial operation in February 2014.  The remaining portfolio of projects, wind and solar, are at late stage development with two wind farms and one solar park due to commence construction during 2014.

 

About Sergio de Campo

Sergio del Campo Fayet has extensive experience in the Energy sector both in Chile and internationally. He has held senior positions in private companies and government institutions.

Previous to Aela, he served as Undersecretary of Energy in Sebastián Piñera’s government (2011-2014). During this time he also worked as president of the Renewable Energies Center (CER, in Spanish) and the Chilean Agency of Energy Efficiency (ACHEE, in Spanish).

In the private sector he has headed several electricity companies as general manager, in Chile and other countries: Eléctrica Guacolda S.A. in Chile (2002 – 2011); Unión Fenosa in Dominican Republic (2001 – 2002) and Empresa Generadora Itabo S.A. in Dominican Republic (1999 – 2001).

Sergio del Campo has a bachelor’s degree in Business Administration from the University of Concepción, and has an MBA by University Adolfo Ibáñez and a diploma from the Business Management Program from Universidad de los Andes.

, ,

Comments are closed.