Leveraging Wind, Solar, Batteries for Chile's Energy Needs

• EDP Renovaveis SA awarded public tender to develop 323 MW solar-wind hybrid project in Chile, including batteries for energy storage. EDPR to operate the project for over 40 years, delivering environmental, social and economic benefit to the region. 500 MW of renewable energy projects across South American nation.

EDP Renovaveis SA (ELI:EDPR) has announced it has been awarded a public tender to develop a 323 MW solar-wind hybrid project in Chile's Antofagasta region. The project also includes the deployment of batteries for energy storage, making it one of the first projects in Chile to incorporate wind, solar and batteries in a single connection to the grid. EDPR will use around 2,850 hectares of land in the commune of Taltal for the development and operation of the project for a period of over 40 years, bringing environmental, social, and economic benefits to the region. Following the auction, EDPR now has more than 500 MW of renewable energy projects in various stages of development across the South American nation.

Can EDPR Develop a Solar-Wind Hybrid Project in Chile?

• It is estimated that EDPR's solar-wind hybrid project in Chile will generate 1,500 GWh of electricity per year, enough to power over 500,000 homes.
• The project is EDPR's second solar-wind hybrid project to be developed in the region, following the development of a 360 MW hybrid project in Sao Paulo, Brazil.
• According to EDPR, the project is expected to create up to 800 direct and indirect jobs during the construction phase as well as up to 40 permanent jobs during the operational phase.
• EDPR plans to invest approximately $600 million in the development of the project, which is scheduled to be completed in 2022.
• The project is part of Chile's ambitious renewable energy goals, which require 20% of the country's energy to come from renewable sources by 2025.