09 Jun '13, 11pm

Chilean businesses set for 600MW renewable energy boost

Chilean businesses seeking to curb their carbon emissions should be able to tap into 600MW of new green energy projects over the coming years, thanks to a new $1.4bn joint venture between Mainstream Renewable Power and investor Actis. The Ireland-based renewable energy developer announced the new partnership on Friday, confirming plans to bring 450MW of wind energy projects and 150MW of solar power capacity into operation or at least construction in Chile by early 2016. Under the terms of the deal, Actis will own 60 per cent of the joint venture while Mainstream will own the remaining 40 per cent. Mainstream will develop all the projects and manage them once they are completed, with the joint venture company investing at the point of financial close for each scheme. In a statement, Eddie O'Connor, Mainstream's chief executive, said the new projects were primarily aimed at ...

Full article: http://www.businessgreen.com/bg/news/2273564/chilean-busi...

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