Independent power producer Sonnedix Power Holdings Ltd has obtained an environmental permit for the 150-MWp Sonnedix Tres Cruces solar project in the Atacama region in Chile. The $140 million Sonnedix Tres Cruces will be realised within the communes of Diego de Almagro and Chanaral. Construction work is seen to start by 2023 and be completed in 2024. During the process, the company will support 295 new jobs.
Foreign direct investment in the first half of 2021 grew by 28%. According to InvestChile, its project portfolio registered a 28% increase in the amount of foreign initiatives in the country, after reaching a total of $23.976 billion, versus $18.764 billion in the same period of 2020. China was the main investor in that period, as it raised by 26% the amount of initiatives and by 11% the number, totalling 30 projects valued at $5.646 billion.
Chile recorded a trade surplus of $604 million in July, Chile's Central Bank reported. The country exported a total of $7.943 billion, an increase of 27.3% over shipments in the same month last year. Imports reached $7.339 billion, a year-on-year increase of 55.3%, its highest on record.
Chilean electric utility Enel Generacion Chile SA (FRA:EPN) announced this week it has secured a contract with a corporate client to supply 100% renewable energy in Chile over four years. Under the terms of the contract, which is effective as of May 2021, the Chilean subsidiary of Enel will supply energy generated from wind, solar, geothermal and hydropower sources to the client's facilities in central Chile and the Maule region in particular.
South American power company AES Andes SA reported a $266.3 million loss of attributable earnings for the first-half of 2021, after having to recognise significant impairment of assets for committing to close thermoelectric power plants in Chile. In the same period a year ago, the company posted a $137.7million attributable profit.
Chilean cement consumption advanced 66.7% YoY in June 2021 to 355,851t when compared with the 233,186t reported in June 2020 and by 21.9% when compared with June 2019, according to the Chilean Construction Chamber, CChC. In the January-June 2021 period, dispatches were up 20.5% YoY to 2,145,846t from 1,781,388t in the first half of 2020.