Sarco Wind Farm awards investment funds to finance community projects

Aela Energía’s project under construction will support the execution of 12 projects, in a first stage, that benefit the communities of Chañaral of Aceituno, Carrizalillo and Los Burros/La Reina.

10 August 2018

Sarco Wind Farm and Aela Energía ratified their commitment to the community through the first delivery of Community Investment Funds (FIC), to finance various projects in Chañaral de Aceituno, Carrizalillo, Los Burros and La Reina, located in the municipality of Freirina, Atacama Region.

This was stipulated in a ceremony held in the central square of Carrizalillo, which was attended by the mayor of Freirina, César Orellana; Councillors; social organization leaders; community representatives and executives of Aela Energía.

“As a remote community with so many needs, we view the wind farm as a strategic ally that has helped us to improve our conditions,” affirmed the Mayor on the occasion, and thanked the Sarco Wind Farm for being an open company “with whom we can sit and talk and plan our future, working together.”

Nicolás Espinoza, Aela Energía’s Environment and Community Manager, remarked that “the award of this Community Investment Fund is a very important milestone, both for the Sarco Wind Farm and the community, since after a year of intense work with the communities to evaluate and promote projects that can be an actual contribution, a stage is beginning in which the initiatives will be finally materialized.”

The 12 awarded projects were the outcome of an evaluation and selection process by a committee formed by social organization representatives, the Municipality of Freirina and the Company’s executives. The initiatives will receive an approximate investment of $90 million and will be executed during the second half of 2018.