Repsol’s Landmark Renewable Energy Project in Chile
Repsol has officially begun electricity production at Antofagasta Phase 1, its largest wind farm project to date and one of the largest renewable installations in Chile. This wind farm, located in Taltal, Antofagasta, with a capacity of 364 MW, marks a significant milestone in Repsol’s independent renewable energy development in Latin America.
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A €400 Million Investment
Antofagasta Phase 1 is the first fully developed renewable energy project by Repsol in Chile, reflecting the company’s growing commitment to clean energy. The wind farm was built over 19 months with an investment of nearly €400 million. Once fully operational, it is expected to produce 750 GWh annually, which is enough to meet the electricity needs of around 220,000 Chilean households.
Expansion Plans for Phase 2
Repsol is already progressing with Antofagasta Phase 2, which will add an additional 450 MW to its renewable energy portfolio in the region. Unlike previous projects, such as Cabo Leones III (188 MW) and Atacama (166 MW), which were developed through a joint venture with the Ibereólica Renovables group, both phases of the Antofagasta project are 100% owned by Repsol.
Repsol’s Strategic Focus on Renewable Energy
“Renewable energy projects are one of the strategic pillars of Repsol’s energy transition process,” the company confirmed. Repsol now operates nearly 4,000 MW of renewable capacity worldwide and has a pipeline of 60,000 MW at various stages of development. This demonstrates the company’s long-term commitment to a low-carbon energy future.
A Step Forward in Repsol’s Energy Transition
The launch of Antofagasta Phase 1 is a key step in Repsol’s ongoing efforts to strengthen its renewable energy portfolio and contribute to the global transition towards sustainable energy. With the expansion of renewable projects in Latin America, Repsol is well-positioned to meet the growing demand for clean energy while continuing to reduce its carbon footprint.
This article is originally published on: esgnews
