Enel in $3.5 Billion Renewables-Supply Deal With Chile’s Endesa

(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.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Tony Barrett, Ana Monteiro

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