Spanish renewables investor and fund manager Qualitas Energy has launched a competitive process to sell electricity from its portfolio of distributed generation and utility-scale plants in Chile, with contracts covering up to 517 GWh per year, energy marketplace Plataforma Energia announced.
According to Plataforma Energia, which is coordinating the process through its online marketplace, the company is seeking to place power from two segments: its small distributed generation plants, locally known as PMGDs, and larger utility-scale projects located in central Chile and the Coquimbo region.
The offering includes both physical and financial power purchase agreements with supply set to begin in 2028. Bidders can choose from 24/7, solar-only, or night-time supply products. Contract terms on offer range from 10, 12, to 15 years.
The tender is open to a broad group of market participants, including power generators, electricity retailers, financial traders, investment banks, hedge funds, and large unregulated electricity consumers.
Based on the maximum annual volume of 517 GWh and the longest 15-year term, Plataforma Energia estimates the process could cover more than 5,000 GWh of electricity over the lifetime of the contracts.
Qualitas Energy entered the Chilean market in mid-2023 with the acquisition of a run-of-river hydropower plant. The firm subsequently opened an office in Santiago and expanded its footprint through Qualitas Energy Fund V with the purchase of a solar photovoltaic portfolio.
The company said its mandate in Chile focuses on four core technologies: solar, wind, run-of-river hydro, and battery energy storage.
No Comment! Be the first one.