Chile

Our team has won a total of 1,600 MW in competitive tenders as part of the National Energy Commission 2016 and 2015 Chilean electricity auctions. The contracted projects are being developed through our wholly owned 1,300 MW Andes Renovables platform and the Aela Energía platform, our joint venture with global private equity company, Actis.

Mainsteam Chile became the first energy company in the country to achieve certification to the ISO45001 Occupational Health and Safety Standard in March 2019. 

Our team in Chile is led by experienced industry leader, Manuel Tagle and supported by his local management team.  He is Vice President of ACERA, the Chilean renewable energy association.

Our win in 2016 positioned us as the leading independent developer in Chile.  At 1,300 MW, the Andes Renovables platform, wholly owned by Mainstream will become the fifth largest generator in Chile and represents a total investment of US$1.65 billion. 

The platform consists of 3 portfolios and will be delivered into commercial operation on a phased basis between 2021 and 2022.  

Aela Energía is our Chilean joint venture with Actis, the global private equity fund.  Aela Energía represents three wind projects totaling 332 MW.  In 2014, Cuel wind farm sold electricity generated to the spot market, a first in the industry.  Sarco and Aurora wind projects, awarded in the 2015 competitive tender process are in construction.  Mainstream secured $50m in mezzanine finance from funds managed by Apollo Global Management to partially fund Mainstream's equity investment in the Sarco and Aurora wind farms.