AES plans solar energy project to power copper mines in Chile

AES Gener SA plans to build a $572 million solar farm in northern Chile as it seeks to boost electricity supply to copper mines in the Atacama Desert.

Reuters reports that AES Gener SA, a unit of Virginia-based AES Corp. (NYSE: AES), is asking for a permit to build the farm in Chile’s Antofagasta region where BHP Billiton Ltd. and state-owned Codelco operate copper mines.

BHP, Anglo American Plc and other mining companies will reportedly invest almost $80 billion in Chile through 2013 to overcome a global copper shortage, boosting the need for energy in the Atacama Desert. AES supplies about a third of the energy in northern Chile, according to the article.

AES Gener reportedly also plans to invest $2.5 billion in Chile over the next five years to boost power supplies in the country.

Read more new renewable projects news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...