Enel Green Power's subsidiary Enel Latin America Limitada (Chile) and SowiTec Energia Renovables de Chile Ltda (affiliated with SowiTec International GmbH) have signed an agreement to jointly develop numerous wind power projects in Chile totalling in 850 MW of capacity.
The agreement grants Enel exclusive access to several wind power projects developed by SowiTec, and also the right to acquire these projects once they get full authorization. The projects' preliminary capacity is between 60 and 150 MW, located in the northern electrical system (SING) and the central electrical system (SIC) of Chile. These areas present good wind potential and are very interesting for wind power development.
Chile has significant wind energy potential, so the country presents a great investment opportunity in the years to come. Enel is already present in Chile, ever since 2001, operating two hydropower plants with 90 MW of total capacity, but also has several geothermal concessions which are under exploration.
This is not the first recent announcement regarding wind power investments in Chile, other companies like Mainstream Renewable Power have invested in Chile.