Greek energy company MYTILINEOS has signed a solar power purchase agreement (PPA) with utility Enel Generación Chile.
The agreement will see MYTILINEOS supply the utility with up to 1.1TWh per year for the next 10 years, enough to power 532,000 homes and avoid 570,000 tonnes of emissions.
This marks MYTILINEOS’ first power purchase agreement in Chile, and according to Nikos Papapetrou, general manager of MYTILINEOS’ Renewables & Storage Development Business Unit, is “a solid point to position our presence in the country and from which to continue executing a disciplined growth strategy in Chile and our other choice jurisdictions in Latin America.”
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The power for the PPA will be generated from four solar projects totalling 588MW, purchased by MYTILINEOS in the brownfield stage between 2020 and 2021.
One project is under construction and the other three are in their final stages of development and are expected to start construction during 2022.
The projects are located in the Arica-Parinacota (109MWp), Antofagasta (228MWp), Atacama (165MWp), and Coquimbo (86MWp) regions of Chile.
“With this agreement, Enel boosts its renewable energy portfolio to offer our clients competitive energy supply, in line with the company’s efforts to support Chile’s energy transition,” said Alfredo Hott, trading and commercialisation manager for Enel Generación Chile.
