1. Deal Description
Global solar independent power producer, Sonnedix, consolidates its commitment to the Energy Transition in Chile. It was awarded 903GWh/year, equivalent to 39% of the National and International Public Tender for the Supply of Energy and Electric Power 2021/01, in which 29 Chilean and foreign generating companies participated.
The tender, which reached a new historical low of USD 23.39 per MWh on average, auctioned 2310GWh to supply the energy needs of regulated costumers of the National Electric System (SEN) for a period of 15 years from 2026.
“We are tremendously proud of being awarded such an important part of this very competitive tender because it shows our ability to compete in the Chilean electricity system “, said Sergio del Campo, Director of Sonnedix Chile.
Axel Thiemann, CEO of Sonnedix, highlighted that seeing renewables energy companies among the winners of this tender “shows the importance of this sector in the national energy matrix. To Sonnedix, this award is an excellent opportunity to expand our presence in Chile, allowing us to build around 424MW in solar photovoltaic projects investing approximately USD 300 million.”
Sonnedix currently has 4.6 GW of total capacity, including a development and construction pipeline of over 3GW. The Solar IPP continues actively seeking development and acquisition opportunities across OECD countries.
2. Counsel list
Counsel to Sonnedix: Guerrero Olivos
Leading partner: Sebastián Abogabir
Associate: Andrea Olea
3. Date of closing
07/09/2021
4. Deal Value
USD 300 million
5. Jurisdictions involved
Chile