Spanish IPP Opdenergy Signs 12-Year PPA for 108MW Solar Project in Chile

Opdenergy, an independent power producer (IPP) based in , has recently inked a 12-year (PPA) for a substantial 108MW (PV) project in Chile. The project, known as the Alcones solar PV plant, is situated in Marchigüe within the O'Higgins region of Chile. Over the duration of the PPA, this solar facility is set to deliver a substantial 1.68 terawatt-hours (TWh) of electricity, equivalent to an annual output of 140 gigawatt-hours (GWh). While Opdenergy has remained discreet about the identity of the buyer, it is described as an international utility player.

Carlos Ortiz, the country manager of Opdenergy in Chile, expressed his satisfaction with the new agreement, stating, “We are very pleased to be able to close a new PPA agreement that will enable us to deepen our presence in such an important market as the Chilean, which is so focused on making its energy generation mix increasingly cleaner.”

Currently, Opdenergy already boasts a total operational capacity of 121MW in solar power and 50MW in wind power, distributed across five plants in Chile. With the addition of this ambitious new project, Opdenergy's total installed capacity in Chile is projected to increase to around 279MW. Furthermore, the Spanish IPP has an impressive pipeline of more than 1 gigawatt (GW) of solar PV, wind, and storage projects currently under development in the Chilean market.

Opdenergy's global reach extends beyond Chile, with more than 2.7GW of long-term PPAs already contracted in countries like Spain, , Mexico, and the United States. The company recently secured substantial funding, including $252 million for two solar projects with a combined capacity of 260MWdc in the United States and €128 million (equivalent to $135.5 million) for five solar PV plants with a combined capacity of 216MW in Spain.

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