Industrial production up 1.8% in January thanks to manufactures

Chile Industrial Production Index (IPI) registered a growth of 1.8% in January 2020 compared to the same month of the previous year. This was mainly due to the positive impact of the manufacturing sector whose production grew 3.4%, according to data from the National Statistics Institute. The manufacture of substances and chemical products registered a year-to-year increase of 27.4% and mining production of 1%, thanks to a 22.7% jump in non-metallic mining.

Renewables share in Chile drops to 20.4% in January

Non-conventional renewable energy (NCRE) sources accounted for 20.4% of Chile’s gross electricity production in January, according to the latest report by the Chilean national energy commission (CNE). NCRE power plants generated 1,385 GWh over the second summer month, down by 10.6% from December when the renewables share arrived at 22.8%. In January 2019, the NCRE share was 18.6% on 1,214 GWh.

Economic outlook “quite favourable” despite unrest, finance minister

Chile's economic outlook is "quite favourable" despite months of political unrest in the country, Finance Minister Ignacio Briones told foreign correspondents in Santiago. "We should stress that we have a scenario of positive growth," Briones said. The government forecasts a 1.3% growth for 2020, "relatively higher" than the central bank projection of 1%, noted Briones. Prior to the outbreak of anti-government protests in mid-October, a 3.3% expansion in gross domestic product (GDP) was forecast.

Enel plans new 500MW bifacial solar project in Atacama

Chile’s green regulator SEA is to consider Enel’s proposals for a 498MW new PV pipeline in the Atacama Desert region of Antofagasta, according to recently submitted plans. Enel wants to deploy a first 317MW plant known as the Taltal PV project, with total investment pegged at around $350 million. In addition, Enel is proposing to add yet another PV installation to its Lalackama complex, also in the commune of Taltal by Atacama’s Pacific Ocean coastline.

Colbún extends tender offer for any and all 4.500% notes due 2024

Colbún S.A. is extending to March 4 the expiration date of its previously announced tender offer due Feb 26 to purchase for cash any and all of its outstanding 4.500% Notes due 2024. As of 5:00 p.m., New York City time, on February 26, 2020, U.S.$310,413,00 aggregate principal amount of the Securities were validly tendered and not validly withdrawn in the Tender Offer, says Colbún's statement.