In July 2020, Repsol signed an agreement with Grupo Ibereólica Renovables to gain access to a renewables portfolio in Chile with projects in operation, under construction, or still under development of more than 1.6 GW until 2025, with the possibility to exceed 2.6 GW by 2030 thanks to this partnership.
The joint venture in Chile will have a diversified asset portfolio (52% wind and 48% solar) distributed into 78 MW of renewable generation capacity already in operation, 110 MW under construction, 1.5 GW in advanced stages of development that will be operational in 2025, and another 1 GW planned for 2030, located mainly in the northern regions of Antofagasta and Atacama.
Main figures, lines of action, and facilities map
Repsol and Grupo Ibereólica Renovables are making progress in the construction of their first joint wind farm in Chile, called Cabo Leones III, with 189 MW of power. This asset is also located in the Atacama region and is divided into two phases. The first (79 MW) entered into commercial operation last December. The second (110 MW) will begin to supply electricity commercially in the second quarter of 2021.
Last updated: December 2021