Continuing its international development, EDF Energies Nouvelles announces its entry into Chile. Its new local subsidiary, EDF EN Chile, signed a financing contract and concluded a partnership agreement for a 146 MWp photovoltaic solar project.
Chile, 20th country where EDF Energies Nouvelles operates, offers strong development potential. The group's presence in this emerging market is part of the Chilean Government's ambitions to produce 20% of electricity in the country from renewable energies by 2025, to meet growing energy demand. In addition, the country benefits from natural conditions that are particularly favorable to the development of renewable energies.
EDF EN Chile has undertaken the implementation of its first solar power plant project, Laberinto, with an installed capacity of 146 MWp. Located in the Atacama Desert in northern Chile, this project benefits from the highest level of solar radiation in the world.
The project is jointly owned equally by EDF Energies Nouvelles and Marubeni. EDF Energies Nouvelles has obtained long-term project financing from a consortium made up of local and international banks.
The construction and operation and maintenance of the solar power plant will be carried out by a local subsidiary of EDF Energies Nouvelles dedicated to these activities.
The Laberinto photovoltaic installation will be one of the most powerful solar power plants in the world to sell its electricity production on the spot (“merchant”) market.
It will be connected to the Northern Chile Interconnected System (SING).
“By establishing itself on the South American continent, recently in Brazil, then now in Chile, EDF Energies Nouvelles has achieved one of its objectives which consists of developing its activity in the field of renewable energies, in emerging countries with strong development potential. The Laberinto solar power plant is the perfect example. We are proud to see that the quality of this project managed by the local EDF EN Chile team is recognized by a group of leading lenders and a co-investor like Marubeni. » commented Antoine Cahuzac, Managing Director of EDF Energies Nouvelles.
About EDF Energies NouvellesEDF Energies Nouvelles is an international leader in renewable electricity with an installed capacity of more than 9 GW gross worldwide. Its development is mainly focused on wind power and photovoltaic solar power. Mainly present in Europe and North America, EDF EN continues its development by taking a position in new promising markets and in new countries such as South Africa, Brazil, Chile, China and India. The Company, which is strongly positioned in the offshore wind sector, is also present in other renewable energy sectors: marine energies, biogas and biomass as well as in distributed energies. EDF EN ensures the development and construction of renewable energy projects as well as their operation and maintenance, for its own account and on behalf of third parties. EDF Energies Nouvelles is the subsidiary of the EDF group dedicated to the development of renewable energies.
Press ContactsManon of Cassini-Hérail ▪ Tel: +33 {0} 1.40.90.48.22 ▪ e-mail: manon.decassini-herail@edf-en.com
Clarisse Placidoux ▪ Tel: +33 {0} 1.40.90.49.46 ▪ e-mail: clarisse.placidoux@edf-en.com