Chile plans to close half of its coal-fired power plants by 2025, 15 years ahead of a deadline to eliminate the fossil fuel from its power mix, Energy Minister Juan Carlo Jobet stated. Under an initial agreement signed by the government and power companies in June 2019, 8 plants with 1,000 MW of installed capacity were due to close by 2024. 6 were taken offline by the end of last year. Since then, AES Gener, Enel and Engie have all brought forward commitments to close plants by that date, lifting the installed capacity to close by 2025 to almost 2,900 MW.
CAP S.A. has issued and placed bonds in the international markets for a total amount of $300,000,000 maturing in 2031, at an interest rate of 3.9% per annum. The funds raised with this issuance of US Bonds will be used mainly for the payment of other financial liabilities maturing during the year 2021, according to the company.
Enel Green Power Chile has installed the PB3 PowerBuoy, the first full-scale wave energy converter off the coast of Las Cruces, Chile. The marine energy generator is the first of its kind installed in Latin America and the fifth in the world. The system is able to convert wave energy into electrical energy that is stored in a 50kWh battery system located inside the PB3 PowerBuoy, which feeds the different oceanographic sensors that monitor the marine environment.
Mytilineos has secured a $76.8 million contract for the development of 125 MWp of solar projects in Chile. The contract was awarded by Latin American developer EnfraGen LLC. Construction of the projects, located in central Chile, will take place in two phases between the end of April and the end of June. All solar farms are expected to be hooked to the grid by January 2022.
Asia has overtaken the US as Chile’s largest fruit export market through the first six months of the 2020/21 export season, according to new data from Asoex. Exports to Asia during this period grew by 15.28% year-on-year to 613,691 tonnes, an increase driven by the growth of cherry exports. Meanwhile, exports to the US dropped by just over 10% year-on-year to 476,843 tonnes.