Mainstream Renewable Power Closes USD$580 Million Wind and Solar Financing Deal in Chile - Seite 2

Manuel Tagle, Mainstream's General Manager for Latin America said: "We are very proud to be leading the way in decarbonising Chile's electricity system as well as lowering the price of power generation in the country. Today's announcement of the financial close of Cóndor is particularly significant, as these four new projects alone will displace over 656,000 metric tonnes of C02 per year. Furthermore, with an additional 2.7 gigawatts of wind and solar development asset pipeline, the most geographically diverse in the country, we are committed to making an even greater contribution in the decades to come."

In 2016, Mainstream was the biggest winner in Chile's largest ever technology-neutral electricity auction, taking 27% of the total allocated capacity. Chile's National Energy Commission awarded Mainstream a 20-year index-linked, US dollar denominated contract, to supply 3,366 Gigawatt Hours of firm power starting in 2021. Mainstream has also delivered an additional 332 MW of wind generation in Chile via the Aela Platform with its joint venture partner Actis, delivering its first wind farm into commercial operation in 2014.

Notes to Editors:

Detailed Project information

Phase	Name	MW onshore wind		MW Solar PV		Commercial Operation
1	Cóndor	3 assets (426MW)		1 asset(145MW)		2021
2+3	Huemul & Copihue	4 assets (525 MW)		2 assets (205 MW)		2021 & 2022
Phase one – Cóndor assets
Asset Name	Technology