Chile plans massive hybrid wind-solar-storage plant which requres investment of $750 mn

AES Gener has taken an important step in developing a mammoth hybrid renewable energy project in Chile, after it has submitted the environmental impact statement for its planned 862.5MW wind-solar-storage hybrid Parque Terra Energía Renovable project. The Parque Terra Energía Renovable project will consist of 350MW of wind, using fifty 7MW turbines, and 512.5MW of solar PV, made up of 1,102,080 bifacial panels mounted on trackers. Set to be located in the commune of Taltal in Antofagasta, the project will require investment of $750 million.

Engie Chile seeking enviro permit to boost wind project to 205 MW for $246 mn

Engie Energia Chile SA is planning to boost the capacity of its Vientos del Loa wind farm project to around 204.6 MW from the initial 126.5 MW. The company said it has submitted the environmental impact statement (EIS) for the upgrade, seeking to install 33 units of 6.2-MW wind turbines in the commune of Calama, in Chile’s Antofagasta region. The total investment in the proposed scale-up is estimated at around $246 million.

Copper soars 2.68% on the London Metal Exchange

Copper soared 2.68% on the London Metal Exchange and closed at its highest level since June 2018, surpassing $3 a pound for the first time in more than two years. The red metal, Chile's main export product, ended today's session at $3,0241 per pound, compared to $2,9449 yesterday. This is the highest value of the commodity since June 2018, when it traded at $3,0334.