The collaboration will use renewable power from 1GW of Mainstream’s portfolio of wind and solar park projects in the country.

Carlos Jobet, Chile’s minister of energy and mining, said the country’s “stable institutions…fiscal policy, controlled inflation and multiple international trade agreements, make Chile an ideal location for foreign investment.”

Mainstream’s 1.3GW portfolio of wind and solar assets is currently under construction, with the first tranche of projects due to commence commercial operation later this year. It also has an additional 1GW pipeline, which has been earmarked for the green hydrogen partnership with Aker.