Enel Offers Lowest Bid For Chilean Auction

Enel Generación Chile Submits Power Bid Of $21.48/MWh To Supply 2.2 TWh Of Energy
01:56 AM (Beijing Time) - 03. November 2017
n_markets_chile_Enel Offers Lowest Bid For Chile Auction

A subsidiary of Italy’s Enel Green Power, Enel Generación Chile has offered the lowest bid of $21.48 per MWh in the Chilean energy auction 2017.

Key Takeaways

  • The lowest bid for Chilean energy auction 2017 has come from Enel Generación Chile
  • The local subsidiary of Italy-based utility Enel has offered to set up the entire electricity generation capacity to supply 2.2 TWh for $21.48 per MWh
  • Second lowest bid has been offered by a subsidiary of Spain’s Gas natural Fenosa, GPG Solar
  • GPG Solar, that commissioned its first PV project recently, has submitted a bid for $24.80 per MWh

Italy’s Enel Green Power has offered the lowest bid of $21.48 per MWh for the Chilean energy tender, through its subsidiary Enel Generación Chile. The company has bid for the entire 2.2 TWh of power being targeted, as per a Reuters report.

The second lowest offer was from GPG Solar at $24.80 per MWh, that also bid for the entire capacity. Global Power Generation (GPG) is a subsidiary of Gas Natural Fenosa of Spain. GPG Solar recently commissioned its first PV project in Brazil. Sobral I and Sertao I have each a capacity of 34.74 MW.

Enel Generación Chile operates over 5.57 GW of power generation capacity in Chile, representing 30% of the market. In May 2016, Enel Green Power Chile brought online the 160 MW Finis Terrae PV power plant in Chile, which was the largest in Latin America at the time. In the summer of 2016, Enel Green Power Chile also completed the 97 MW Carrera Pinto PV plant.

Recently, the National Energy Commission (CNE) of Chile announced receiving proposals from 24 companies for the auction proceedings (see Big Interest In Chilean Energy Auction). In the 2016 auction, the winning bid was as low as $47.6 per MWh.

Winners for the 2017 auction are scheduled to be announced on November 3, 2017.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani