popular articles

Colbún strengthens its portfolio with two wind farms in northern Chile

Colbún S.A. acquires the San Juan and Totoral wind farms for 401 million USD, consolidating its presence in the region.
Wind farm in Chile.

Please share:

Colbún S.A., a key player in Chile’s energy sector, has finalized the purchase of the San Juan and Totoral wind farms. Located in the Atacama and Coquimbo regions respectively, these wind farms represent an installed capacity of 193 MW for San Juan and 46 MW for Totoral. The transaction includes the acquisition of 100% of the shares of Inversiones Latin America Power SpA (ILAP), which holds the companies that own the wind farms. The amount of the transaction is USD 401 million, with possible adjustments in accordance with the usual contractual clauses.

Strategic Expansion in Northern Chile

This acquisition strengthens Colbún’s presence in northern Chile, a strategic region for its operations. In addition to the San Juan and Totoral wind farms, Colbún already operates the Diego de Almagro Sur photovoltaic and battery farm (230 MW) and is building the Horizonte wind farm (816 MW). This concentration of assets enables Colbún to efficiently meet the energy needs of its industrial and mining customers in the region.. Chile had already established partnerships in the wind power sector, notably with Spain.

Impact on the energy market

Colbún’s acquisition of the San Juan and Totoral wind farms increases its installed renewable energy capacity, diversifying its energy portfolio. This diversification is crucial to ensuring a stable energy supply and meeting the growing demands of industrial customers in terms of cost and energy sustainability.

Growth prospects

Completion of this transaction is subject to approval by the Fiscalía Nacional Económica, in accordance with Chilean regulations. This acquisition is part of a series of strategic initiatives by Colbún to strengthen its position in the national energy market. By increasing its renewable energy production capacity, Colbún is preparing to meet the future challenges of the energy sector, while maintaining its competitiveness.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Offshore wind farm projects in the Baltic Sea are deemed incompatible with Sweden's national defense due to the disruptions they would cause to critical military sensors.
Masdar and Silk Road Fund sign a strategic agreement to co-invest up to USD 2.8 billion in renewable energy projects, targeting primarily developing countries as part of the global energy transition.
Masdar and Silk Road Fund sign a strategic agreement to co-invest up to USD 2.8 billion in renewable energy projects, targeting primarily developing countries as part of the global energy transition.
Statkraft marks a milestone by inaugurating three wind farms in the O'Higgins Region of Chile. This project, with a capacity exceeding 100 MW, symbolizes the renewable energy giant's growing commitment to South America.
Statkraft marks a milestone by inaugurating three wind farms in the O'Higgins Region of Chile. This project, with a capacity exceeding 100 MW, symbolizes the renewable energy giant's growing commitment to South America.
Octopus Energy, in partnership with Skyborn Renewables, qualifies for the ninth offshore wind tender in France. This collaboration marks a significant milestone for Octopus in its international renewable energy expansion.
Octopus Energy, in partnership with Skyborn Renewables, qualifies for the ninth offshore wind tender in France. This collaboration marks a significant milestone for Octopus in its international renewable energy expansion.
Ocean Winds celebrates the installation of the final turbine at the Moray West offshore wind farm in Scotland, marking a major step towards full commissioning scheduled for 2025. This project highlights technological innovations and significant economic impacts.
Alcazar Energy Partners signs a memorandum of understanding with EETC and NREA to develop a 2 GW onshore wind farm in Egypt, supporting the country's energy transition and its 2030 sustainability vision.
Alcazar Energy Partners signs a memorandum of understanding with EETC and NREA to develop a 2 GW onshore wind farm in Egypt, supporting the country's energy transition and its 2030 sustainability vision.
Donald Trump's victory raises concerns for RWE and Siemens Energy about their offshore wind projects in the United States, facing administrative delays and trade tensions.
Donald Trump's victory raises concerns for RWE and Siemens Energy about their offshore wind projects in the United States, facing administrative delays and trade tensions.
After strong annual results, Siemens Energy’s stock soars, driven by ambitious forecasts and resolving challenges in wind energy, despite geopolitical uncertainties in the United States.
After strong annual results, Siemens Energy’s stock soars, driven by ambitious forecasts and resolving challenges in wind energy, despite geopolitical uncertainties in the United States.
Masdar, the UAE's renewable energy leader, signs an agreement to develop a 1 GW wind farm in Uzbekistan's Mingbulak region. This project aims to strengthen energy security and support the country's green transition.
Masdar signs an agreement for a 1GW wind farm in Kazakhstan, one of the largest in the region
Masdar signs an agreement for a 1GW wind farm in Kazakhstan, one of the largest in the region
The Council of State has ordered the government to implement measures to expedite renewable energy projects following a lawsuit led by Eolise, a company specializing in wind and photovoltaic energy.
The Council of State has ordered the government to implement measures to expedite renewable energy projects following a lawsuit led by Eolise, a company specializing in wind and photovoltaic energy.
ACCIONA Energía announces the acquisition of two wind farms in Texas, increasing its installed capacity in the United States with an additional 300 MW of renewable energy production.
ACCIONA Energía announces the acquisition of two wind farms in Texas, increasing its installed capacity in the United States with an additional 300 MW of renewable energy production.
The Welsh government has approved the Twyn Hywel wind farm, a major project by Bute Energy, which will support the energy transition by supplying electricity to 81,000 households while stimulating the local economy.
BlueFloat Energy's offshore wind project, Gippsland Dawn, has obtained "Major Project" status in Australia, recognizing its importance to the renewable energy sector and the nation’s energy transition.
BlueFloat Energy's offshore wind project, Gippsland Dawn, has obtained "Major Project" status in Australia, recognizing its importance to the renewable energy sector and the nation’s energy transition.
Vestas quadruples its profit in Q3 thanks to a record order backlog
Vestas quadruples its profit in Q3 thanks to a record order backlog
Sweden's planned offshore wind farms in the Baltic Sea raise concerns about the country's defense capabilities, according to a military report. A crucial choice emerges between energy needs and national security.
Sweden's planned offshore wind farms in the Baltic Sea raise concerns about the country's defense capabilities, according to a military report. A crucial choice emerges between energy needs and national security.
Sweden has recently rejected 13 wind farm projects in the Baltic Sea, citing defense-related security concerns. This decision raises questions about balancing energy needs with national protection.
The Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DoD) unite to support offshore wind development, ensuring compatibility with essential military operations.
The Bureau of Ocean Energy Management (BOEM) and the Department of Defense (DoD) unite to support offshore wind development, ensuring compatibility with essential military operations.
The Biden-Harris administration has completed a historic offshore wind lease sale in the Gulf of Maine, aiming to generate enough clean energy to power 2.3 million homes. This milestone is part of the ambitious American energy transition.
The Biden-Harris administration has completed a historic offshore wind lease sale in the Gulf of Maine, aiming to generate enough clean energy to power 2.3 million homes. This milestone is part of the ambitious American energy transition.
For the first time, wind energy produced the majority of electricity in Finland this weekend, supported by powerful winds and increased wind turbine capacity.
For the first time, wind energy produced the majority of electricity in Finland this weekend, supported by powerful winds and increased wind turbine capacity.
Missioned by wind developers and farmers, geobiologists are accused of charlatanism. Their method, not scientifically validated, raises concerns among sector specialists.
Eight European countries meet to strengthen their commitments to offshore wind energy in the North Sea, a sector facing the growing challenge of Chinese companies.
Eight European countries meet to strengthen their commitments to offshore wind energy in the North Sea, a sector facing the growing challenge of Chinese companies.
The Gonzaga Ridge project in Merced County will provide 147.5 MW of wind energy and 50 MW of storage for CleanPowerSF, doubling the supply of clean energy for 385,000 customers.
The Gonzaga Ridge project in Merced County will provide 147.5 MW of wind energy and 50 MW of storage for CleanPowerSF, doubling the supply of clean energy for 385,000 customers.
Eletrobras and Ocean Winds have signed an agreement to explore the potential of offshore wind energy in Brazil, aiming to develop this new renewable energy source to meet the growing demand for clean energy.
Eletrobras and Ocean Winds have signed an agreement to explore the potential of offshore wind energy in Brazil, aiming to develop this new renewable energy source to meet the growing demand for clean energy.

Advertising