Etrion posts $110.4 million net loss in 2016
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
Chile registers increase in PV installations for self-consumption
PV systems installed under Chile’s net-metering scheme have reached 6.4 MW. The Chilean government has recently made it easier to install small-sized PV for self-consumption.
Chile signs new electrical supply tender
1,620 GWh of capacity is set to be auctioned in the daytime block. The timetable has been set for the presentation of bids for the first stage to take place on 11 October.
MUFG serves as top clean energy deal-maker in 2016
The Japanese financial institution increased investments in clean energy and energy-smart technologies during an overall sector downturn in investment.
BNEF predicts “revolution” in the power sector due to low-cost renewable energy
In their 10 predictions for 2017, Bloomberg New Energy Finance’s chair and chief editor argue that we are entering a phase where low-cost renewable energy will come to define the power system, despite ideological and financial headwinds.
Elecnor to build a 115 MW solar project in Chile
The Spanish company was awarded a US$117 million contract to build the project near Santiago.
Abengoa to restart work on 100 MW project in Chile
Spanish renewable energy company Abengoa announced that it will immediately restart construction on the exciting Atacama Desert solar project in Chile, where a 100 MW PV plant and a 110 MW solar thermal plant will look to take advantage of the world’s most concentrated solar radiation.
Chile’s new 600km long transmission line can boost renewables
The subsidiaries of the Red Eléctrica and Engie groups have reached an agreement that enables them to jointly build a new 600 km long electricity line in Chile, connecting the northern to middle part of the country. The new line is expected to boost renewable energy.
