Enel Green Power is planning to invest around $570m in geothermal, solar and wind projects in Chile, Diario Financiero reported.
The company, which is owned by Italian utility Enel, seeking to turn itself into a “viable alternative” to meet the growing power demand in that country.
Francesco Starece, director of Enel Green Power, said in an interview with the publication: “In Chile, there is an interesting combination of geothermal, solar and wind resources, a huge potential in hydro energy, a growing energy demand and a favourable regulatory framework.”
He added it was unusual to find all these elements in the one country.
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