(Bloomberg) — Enel Green Power SpA and Empresa Nacional de
Electricidad SA, known in Chile as Endesa, signed a 25-year
electricity-supply deal valued at as much as $3.5 billion.
The contract enables Enel to build three clean-energy
plants in Chile requiring $800 million of investment, the
company said Thursday in a statement on its website. It plans to
build its first geothermal facility in the country as well as a
wind farm and a solar-power plant. Together they will have a
capacity of as much as 300 megawatts.
Chile seeks to get 20 percent of total electricity
generation from renewables by 2025.
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Tony Barrett, Ana Monteiro