Aela will close 2016 with a portfolio of 332 MW in assets operative or under construction

Source: Article published in Revista Electricidad, edition of September 2016

Aela Energía has confirmed its rule as a leading player in the last two electricity supply tender processes for regulated clients, in which the biggest blocks of energy were auctioned off since the system was created and where the bids presenting the most competitive prices were privileged. Thus, Aela Energía was awarded a total of 856 GWh, of which 768 GWh correspond to the 2015 process and 88 GWh to the recent tender that concluded in August.

"The company is one of the companies that will supply regulated clients with energy as of 2017, after being awarded 768 GWh in the 2015 tender process.  On top of this it was awarded 88 GWh in the recently concluded tender, which must be supplied as of 2021"

“For us it was clear that the tender process was going to be the most competitive one that we have seen in recent years, as the major incumbent players needed to renew important contracts that expired as of 2021. Likewise, Aela’s success in the November 2015 tender process allowed us to spark the interest of renewable energy developers and new arrivals in this market,” explains Aela Energía’s commercial manager Daniel Garrido.

The company, owned by the English private equity fund Actis (60%) and the renewable energy project developer Mainstream Renewable Power (40%), was founded in 2013 with the purpose of building and operating a project portfolio of over 600 MW and a total investment of US$1.4 billion.

Along these lines, the specialist says that “in the coming months we will be ready to start construction on our projects Sarco (170 MW) in the municipality of Freirina, Atacama Region, and Aurora (129 MW), in the municipality of Llanquihue, Los Lagos Region, to supply the energy committed in the contracts that we won in the November 2015 tender process.”

“This, together with the operation of our Cuel wind farm (33 MW) in Los Ángeles, Bio Bio Region, gives us enough backup to supply more than the 856 GWh that the company has contracted. This gives us the certainty that we will fulfill the commitments we have made,” the executive affirms.

Garrido affirms that the Sarco and Aurora wind farms “will have a plant factor of over 30%, which is outstanding performance for the national context. Furthermore, our Cuel wind farm is among the best in Chile when it comes to the turbine availability, coming in first and second in 2014 and 2015, respectively, for highest plant factor nationally, meaning that Aela is one of the best wind farm operators in the country.”

According to Garrido, “Aela has a geographically diverse project portfolio that helps to reduce the risks inherent in renewable energy generation, with work based on a proactive outlook and where environmental policies and standards and the community are fundamental guidelines for establishing successful and territorially integrated projects.”

The executive says that the company “has chosen top-notch suppliers of turbines, which guarantees the highest quality standards in the industry. For new projects, Aela will pay close attention to the appearance of new technologies for project development”.

“In addition, it has also been proven that the path Aela took of offering 24/7 continuous supply solutions based on renewable energies is totally feasible in our market. This competitiveness has allowed Aela to benefit the end consumers of electricity (Chilean households, SMEs and industry in general) with clean energy at competitive prices. Furthermore, Aela has the capacity to provide creative and flexible solutions according to our clients’ needs, especially unregulated ones,” concludes the company’s commercial manager.

"In 2017 and 2022, Aela Energía will begin to supply 856 GWh to regulated clients across the country from three wind farms: Cuel, 33 MW, which is already operational, in addition to the projects Sarco (170 MW) and Aurora (129 MW), which will soon begin construction in the Atacama and Los Lagos Regions, respectively."

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