in News Departments > Projects & Contracts
print the content item

Wind and solar developer Mainstream Renewable Power has closed financing and started construction on its 33 MW Negrete Cuel Wind Farm in southern Chile. The wind farm, which is 100% owned by Mainstream, is expected to be fully operational by September.

The project has been financed without a power purchase agreement, and Mainstream will sell the energy directly into the spot market. China Development Bank has provided $52 million in senior project finance for the wind farm, and Chinese wind turbine manufacturer Goldwind is supplying the project with its GW87 1.5 MW wind turbines.

The project is part of Mainstream’s 2.3 GW wind and solar development portfolio in Chile. The company has been active in the Chilean market since 2009, when it partnered with local Chilean developer Andes Energy.



Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Tower Conference_id1965