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Energy consultants say the Federal Electricity Commission’s mixed contracts could accelerate project delivery and unlock investment in renewables and grid infrastructure, as electricity demand is set to rise 3–5% annually.
The agreement covers the supply of 1 GWh of battery storage capacity for the 238 MWp Malgarida solar PV plant in Chile’s Atacama Desert, strengthening renewable energy integration and long-term investment in the country.
The syndicated bond and equity facility, backed by Spain’s ICO and export credit agency Cesce, will support contracted renewable energy projects in Italy, Germany and the United States under the company’s Green Financing Framework.