Chilean power plants generated 1,807 GWh of electricity from renewable energy (excluding large hydro) in October, the Chilean national energy commission (CNE) said in the latest monthly report. This much output represents an increase of 22.6% month-on-month and 21.9% on the year. In October, the proportion of renewables in the total gross production was at 28.1%, and Chile’s net installed renewable energy capacity rose to 6,223 MW.
Sonnedix Power Holdings Ltd has acquired a 160-MWp solar photovoltaic (PV) project located in Chile from local renewable energy developer and builder Andes Solar. The project is currently in development, with the start of construction expected in the fourth quarter of 2023. Once operational, the project will be able to produce some 337 GWh of power annually, enough to avoid carbon emissions by around 140,000 metric tonnes.
A spike in copper prices saw Chile's peso outperforming Latin American currencies. The Chilean peso jumped 1.2% to the dollar and was set for its best day in more than one month. Prices of copper reached a seven-year peak on expectations of strong demand from major buyer China.
Chilean salmon farmer Nova Austral expects to harvest 13,000 metric tons of salmon in 2021, down 19% year-on-year due to a combination of early harvests prompted by an infectious salmon anemia (ISA) outbreak at Salmones Porvenir, its joint venture with Salmones Austral and delayed stockings. Before the outbreak, the company had expected to harvest 20,000t.
Mirasol Resources Ltd reported encouraging results from surface exploration at the Sandra prospect at its Inca gold project in Chile. The company also said a 1,500 metre drill programme was planned to start in the first quarter of 2021. The programme will target three of the most prospective zones along the principal Sandra trend and initially test to a depth of between 80 and 200m below the outcropping surface exposures.
Chile opened its borders for non-residents, giving the possibility for the flow of international tourists. Recently, the airline industry has been improving its figures. According to the latest numbers released by the Civil Aeronautical Board (JAC), 438,106 passengers were registered in October which is 154,000 more than in September. However, this figure is 77.9% less than in October 2019. The CEO of Sky, José Ignacio Dougnac, projects to end the year operating over 50% of its capacity.
Activos en Renta Grupo Corporativo SA is developing a 471.29-MWp solar project set in the Antofagasta region, Chile. The AR Changos Solar project will involve the installation of roughly 1.01 million bifacial PV modules, a step-up substation with two transformers and a 13.5-km long 220-kV high-voltage transmission line. Project company AR Changos Solar SpA submitted the environmental impact statement (EIS) for the project last week, noting that it would invest $280 million in the undertaking.
For week 46, there were only small changes in prices for Chilean farmed salmon for the US and Brazil. Prices for Chilean head-on, freight-on-board, 10-12s shipped to the Brazilian market lifted by $0.09 to $2.88 per kilogram. US-bound trim D, freight-on-board Chilean salmon fillets to the US saw prices fall by just $0.01 in price, to $3.38 per pound.
This year marks the 50th anniversary of the establishment of diplomatic relations between China and Chile. To celebrate this important milestone, Chile not only brought online an official Chilean food flagship store on T-mall to offer more convenience to Chinese consumers, but also opened an offline Chilean National Pavilion at the Greenland G- Hub. A short Chilean video was displayed for two weeks throughout all public transportation in Shanghai.
According to the Chief Operating Officer of Giddings US, Ian Grigg, Chile's blueberry shipments are increasing. Chile's season looks to be of good quality and volume. “The weather in Chile has been good, and it looks to be a typical year in terms of production volumes and timing, with the season being expected to wrap up with early to mid-March arrivals".