Santiago Solar: Case Study of a Metropolitan Solar Plant

Columbia University, September 2019

2Confidential

Introducing AME

Solar PV

Wind

Gas and LNG

e-nnovation

AME is an infrastructure developer with a strong

track record.

Focus on Gas and LNG infrastructure, combined

cycle power plants, solar PV and CSP and wind

generation technologies, and other innovative

technologies in the energy infrastructure space

including public transport mobility and energy

services

Co-owner with EDF of the 5th largest generator in

Chile. 1,200 MW in CCGTS and solar PV currently

operating in Chile and Peru, together with a

significant development pipeline of projects

including CCGT and renewable technologies

AME plans to balance its portfolio with 600 MW

of additional renewable capacity by 2023

AME

Santiago Solar: Case Study of a Metropolitan Solar Plant

4Confidential

AME

Santiago de Chile Population 6 million

Energy consumption 20,000 GWh/y

5Confidential

AME

Trade off – radiation vs transmission cost / risk

Santiago has extremely high

radiation by world standards, even if

it is 20% lower than northern Chile

6Confidential

0

20

40

60

80

100

120 1

,00

2,0

0

3,0

0

4,0

0

5,0

0

6,0

0

7,0

0

8,0

0

9,0

0

10

,00

11

,00

12

,00

1,0

0

2,0

0

3,0

0

4,0

0

5,0

0

6,0

0

7,0

0

8,0

0

9,0

0

10

,00

11

,00

12

,00

1,0

0

2,0

0

3,0

0

4,0

0

5,0

0

6,0

0

7,0

0

8,0

0

2.017 2.018 2.019

CM

g [U

SD/M

Wh

]

AÑO - MES

CMG por Bloque (Solo Solar)

Crucero - Solar

Diego de Almagro - Solar

Quillota - Solar

Trade off – radiation vs transmission cost / risk

Day time prices by injection node

7Confidential

Santiago Solar: A metropolitan solar project

45 km (27 miles) north of Santiago

8Confidential

AME

Timeline

9Confidential

AME

Santiago Solar site (pre-build)

10Confidential

AME

Timeline

11Confidential

AME

Til- til is an area of Santiago which has experienced significant levels of conflict between citizens and businesses in recent years

12Confidential

Meaningful and genuine dialogue with the community

• Respectful and genuine consultation

• Real changes made to project design to adjust to community concerns

• Contributions designed to be relevant to the project and address real needs

13Confidential

AME

Timeline

14Confidential

AME

In the 2014 tender

process, Santiago Solar

presented the lowest

adjudicated offer,

winning with a price of

US$79.88/ MWh.

15Confidential

AME

Timeline

16Confidential

AME

Santiago Solar site (pre-build)

17Confidential

AME

Santiago Solar site (pre-build)

18Confidential

AME

Santiago Solar site (pre-build)

19Confidential

AME

125 ha agricultural land improved

145 hareforested with native species

(360 acres)

(310 acres)

20Confidential

AME

Timeline

21Confidential

AME

0,0%

20,0%

40,0%

60,0%

80,0%

100,0%

120,0%

140,0%

160,0%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

WIT

HD

RA

WA

L %

Real/Projected Withdrawal Objective Withdrawal Rate

Regulated client withdrawals real / projected 2010 - 2025

22Confidential

AME

-

50,0

100,0

150,0

200,0

250,0

300,0

en

e-1

0

abr-

10

jul-

10

oct

-10

en

e-1

1

abr-

11

jul-

11

oct

-11

en

e-1

2

abr-

12

jul-

12

oct-

12

en

e-1

3

abr-

13

jul-

13

oct

-13

en

e-1

4

abr-

14

jul-

14

oct

-14

en

e-1

5

abr-

15

jul-

15

oct-

15

en

e-1

6

abr-

16

jul-

16

oct-

16

en

e-1

7

abr-

17

jul-

17

oct

-17

en

e-1

8

abr-

18

jul-

18

oct

-18

en

e-1

9

abr-

19

jul-

19

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

CMg Quillota 220 CMg Crucero CMg Diego de Almagro

Marginal Prices in the SIC / SEN 2010 – 2019

23Confidential

AME

-

50,0

100,0

150,0

200,0

250,0

300,0

en

e-1

0

abr-

10

jul-

10

oct

-10

en

e-1

1

abr-

11

jul-

11

oct

-11

en

e-1

2

abr-

12

jul-

12

oct-

12

en

e-1

3

abr-

13

jul-

13

oct

-13

en

e-1

4

abr-

14

jul-

14

oct

-14

en

e-1

5

abr-

15

jul-

15

oct-

15

en

e-1

6

abr-

16

jul-

16

oct-

16

en

e-1

7

abr-

17

jul-

17

oct

-17

en

e-1

8

abr-

18

jul-

18

oct

-18

en

e-1

9

abr-

19

jul-

19

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

CMg Quillota 220 CMg Crucero CMg Diego de Almagro

Marginal Prices in the SIC / SEN 2010 – 2019

24Confidential

AME

Timeline

25Confidential

AME

Timeline

26Confidential

AME

Timeline

27Confidential

AME

28Confidential

AME

*100

* Based on average

home consumption

of 1.785 kWh /y

(Obrecht, 2016)

FACTS

&

FIGURES

29 Confidential

Award winning approach

Winner of the Association of Generators’ “Good PracticesContest for a more Sustainable Electric Future, 2018

Women of the Year Award, 2017, Ministry of Energy

Outstanding results in the Project Acceptance Index forlarge scale renewable energy projects, Ministry of Energy and Gernman GIZ

Winner of Latin American Green Awards 2019 “Oasification; Forest Solutions for Desertification”

30Confidential

A few words about the greenhouse…

31Confidential

Thank you