Cabo Leones III, wind farm in Chile completed
Repsol and the Ibereólica Renovables Group have completed construction of Cabo Leones III, the companies’ first joint wind farm in Chile. The wind farm, with a total installed capacity of 188.1 MW, is located in the province of Huasco in the northern region of Atacama.
The wind farm’s first phase launched at the end of 2020, with 78.1 MW generated by 22 Siemens-Gamesa wind turbines (SG-132) with nominal power of 3.55 MW. An additional 22 Siemens-Gamesa wind turbines (SG-145), with nominal power of 5 MW, were installed in this second phase to add 110 MW of installed capacity.
As the second phase approaches completion, commercial operations are slated to begin in the fourth quarter of 2021. Together, both phases are expected to produce approximately 520 GWh of power per year with the capability of meeting the energy needs of 170,000 Chilean households.
Cabo Leones III has also made a significant contribution to local job creation, including up to 150 workers on the ground. Also, the clean, renewable power generated by the wind farm will save approximately 418,000 tons of CO2 in annual emissions for the region.
Repsol and the Ibereólica Renovables Group secured long-term funding for Cabo Leones III through a project financing arrangement worth $209 million with Spanish and international financial institutions. The deal includes long-term debt and establishes a series of guarantees.
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