- The 69.5 MW DC Javiera solar photovoltaic power plant, located
in the Antofagasta Region, will supply power to Los Pelambres
copper mine (in the Coquimbo Region) through the Central
Interconnected System.
- TerraForm Power, an owner and operator of solar power plants,
intends to purchase the project after it becomes operational in
2015.
BELMONT, California,
Sept. 3, 2014 /PRNewswire/ --
SunEdison, Inc. (NYSE: SUNE), a leading global provider of solar
energy services, and Los Pelambres mine, today announced that they
have reached an agreement for the long-term sale of power to Los
Pelambres. The mine is owned by Antofagasta Minerals S.A., the
largest private mining group in Chile and one of the nine largest
copper-producers in the world. Under the agreement SunEdison will
supply the power produced by the Javiera solar photovoltaic
project, with a capacity of 69.5 megawatts (MW) DC, for operations
at Los Pelambres mine.
This project demonstrates the competitiveness of solar energy in
Chile, especially in the Chilean
mining and industry market, where SunEdison has innovated to
deliver cost savings by transforming how energy is generated.
Jose Perez, president of
SunEdison for Europe, the
Middle East, Africa and Latin
America, said: "Today an agreement is being signed
between two global industry leading companies that believe in a
more sustainable future for Chile.
This landmark project reinforces SunEdison's ability to offer
competitive, innovative and sustainable energy solutions to its
customers and reaffirms SunEdison's leading role in
Latin America."
Los Pelambres general manager Robert
Mayne-Nicholls said: "The initiative is in line with our
goal to increase sustainability in our power supply mix at
competitive prices. When operations began in 2000, we incorporated
an energy generation mechanism into our conveyor belts, and as of
this year, wind energy contracts. In the near-term, through 2015,
we'll incorporate solar photovoltaic energy and more than 30% of
our energy supply will be realized through renewable projects. In
the medium-term we will add run-of-the-river hydro-electricity and
become a leading mining company in the use of clean sources of
energy."
The Javiera power plant, located in the Atacama Region, is
already under construction and is expected to be connected to the
grid in the first months of 2015. The project will deliver all its
electricity to the Central Interconnected System (SIC) and will
supply Los Pelambres, a copper concentrate and molybdenum mine
located in the Coquimbo Region. The term of the contract between
the two companies is 20 years.
About SunEdison
SunEdison is a global leader in transforming how energy is
generated, distributed and owned. SunEdison manufactures solar
technology and develops, finances, installs and operates
distributed solar power plants, delivering predictably priced
electricity and services to its residential, commercial, government
and utility customers. SunEdison also provides 24/7 asset
management, monitoring and reporting services for hundreds of solar
systems worldwide via the company's Renewable Operation Center
(ROC). SunEdison has offices in North
America, Europe,
Latin America, Africa and Asia. SunEdison's common stock is listed on
the New York Stock Exchange under the symbol "SUNE." For more
information, please visit www.sunedison.com
About Antofagasta Minerals
Antofagasta Minerals is the largest privately held mining group
in Chile. In 2013, it produced
721,200 metric tons of copper in concentrate and cathodes, making
it the fourth largest copper producer in Chile and ninth in the world. Last year, it
also produced 9,000 tons of molybdenum concentrate and 293,800
ounces of gold.
The company is a subsidiary of Antofagasta plc, the only Chilean company that
lists its shares on the London Stock Exchange, where it is part of
the FTSE 100. Its mining operations, Centinela, Michilla, and
Los Pelambre, are located in northern and central Chile. For more information, please visit
www.aminerals.cl
About TerraForm Power
TerraForm Power (NASDAQ: TERP) is a global renewable energy
company that is helping change the way renewable energy is
generated, distributed, used and owned. TerraForm Power creates
value for its investors by owning and operating high quality solar
power portfolios around the globe. While TerraForm Power owns
and operates some of the world's most technologically advanced
solar installations, the company intend to acquire other clean
power generation assets including wind, geothermal, hydroelectric
and hybrid energy solutions where the right opportunities present
themselves with a goal to provide power around the clock. For more
information about TerraForm Power, please visit:
www.TerraForm.com.
Forward-Looking Statements
Some of the statements in this press release are
"forward-looking" and are made pursuant to the safe harbor
provision of the Private Securities Litigation Reform Act of 1995.
These "forward-looking" statements include statements relating to,
among other things, that TerraForm Power intends to purchase the
project after it becomes operational in 2015, and that the power
plant is expected to be connected to the grid in the first months
of 2015. These statements involve risks and uncertainties that may
cause results to differ materially from the statements set forth in
this press release. The forward-looking statements in this press
release speak only as of the date of this press release and are
subject to uncertainty and changes. Given these circumstances, you
should not place undue reliance on these forward-looking
statements. SunEdison expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to such
statements to reflect any change in its expectations with regard
thereto or any changes in the events, conditions or circumstances
on which any such statement is based.
