Global renewable energy developer Mainstream Renewable Power has secured funding for its 569 MW Condor assets, the first phase of its 1.3GW Andes wind and solar platform in Chile. The project is expected to be completed by 2022, with a capacity factor of around 30%. “First up, it will help us to fund the first phase of our fully-contracted 1.3GW Mainstream said starting work on the Condor project could attract new lenders and boost the facility to €200m. CEO Andy Kinsella said the firm's Chilean portfolio was helping renewable energy "outcompete both new and existing fossil-fired generation".
Global renewable energy developer Mainstream Renewable Power has secured funding for its 569 MW Condor assets, the first phase of its 1.3GW Andes wind and solar platform in Chile. The project is expected to be completed by 2022, with a capacity factor of around 30%. Mainstream said starting work on the Condor project could attract new lenders and boost the facility to €200m. CEO Andy Kinsella said the firm's Chilean portfolio was helping renewable energy "outcompete both new and existing fossil-fired generation".