SN Power's Totoral wind farm inaugurated today

20.01.2010 08.00 | pressrelease

SN Power inaugurated today its first wind farm, located outside the town of Canela, near 300 kilometers north of the Chilean capital Santiago. The Totoral wind farm is expected to generate an annual average of 110 GWh of electricity to the Chilean central grid, enough to fulfill the needs of around 50 000 Chilean households.

Totoral consists of 23 two-megawatt Vestas Wind Systems turbines. All windmills are 125 meters high and weigh 225 tons.

Totoral will provide carbon neutral energy, and is in the final stage of registration under the Kyoto Protocol’s Clean Development Mechanism estimated to cut back more than 65 000 tons of CO2 per year.

The wind farm represents a total investment of US$ 140 million.

Totoral is the first-ever renewable energy project to be financed under Chile’s new “Non-Conventional Renewable Energy Law". This law requires electric utility companies to supply customers with a minimum of 5% renewable energy, and came into force 1st of January this year.

The ceremony, which was attended by some 250 people, was headed by Michelle Bachelet, President of the Republic of Chile, who was accompanied by national and local authorities.

Sigrid Hjørnegård, State Secretary, Norwegian Ministry of Petroleum and Energy, was also present, along with Øistein Andresen, President and CEO of SN Power, and Nils Huseby, SN Power Executive Vice President for South America.

In her speech, the President of Chile commented:

“Norway’s developments the last years have been important because they continue their social responsible politics towards developing countries. We are grateful towards Norway for their faith in us.”

Nils Huseby, SN Power’s Executive Vice President for South America said:

“Totoral is a good example of how we combine our goals of being a provider of green energy, as well as a creator of sustainable development for the local community. 60% of the people who worked on site were hired from the region, and thanks to their commitment we achieved the highest standards of health and safety during the process”.

Øistein Andresen, the President and CEO of SN Power pointed out that “Chile is a signatory to the Kyoto Protocol and therefore we know that the government is supporting development of sustainable energy technologies.” He further added that the company is committed to grow in Chile through different projects already undergoing.

Facts: SN Power was founded in 2002 as a joint venture between Statkraft(60%) and Norfund(40%) and invests in hydropower projects in selected growth markets beyond Europe.