Acciona to Invest $500 Million for Chile Renewable-Power Plants

(Bloomberg) — Acciona SA, a Spanish energy developer,
expects to spend $500 million building wind and solar power
plants in Chile after receiving contracts to deliver 600
gigawatt-hours of electricity a year to distributors.

The company is planning 225 megawatts of renewable-power
projects that must go into service in 2018, Alcobendas, Spain-based Acciona said today in an e-mailed statement. The contracts
run for 15 years.

Chile awarded power contracts through a Dec. 12 auction.
Other recipients included GDF Suez SA, which expects to invest
$1.7 billion for a power plant and transmission lines, and
Electricite de France SA.

To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at

To contact the editors responsible for this story:
Reed Landberg at
Will Wade, Jim Efstathiou Jr.

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