The Vienna-based company with offices in Spain, Italy and Chile brings two decades of experience to the renewable energy sector. As a technology selector and independent power producer (IPP), the company’s endeavors help in generating competitively priced renewable energy. This majorly equity-financed company commenced utility-scale solar projects since its inception and entered the Chilean market in 2013, expanding to wind projects in 2017. Since 2019, it is heavily focused on green hydrogen projects in Southern Chile.
We have over a decade of experience in Chile, with all initiated projects successfully completed, sold and most of them already connected to the grid, and ongoing projects under construction
Achievements of this magnitude are the outcome of AustriaEnergy’s greatest strength—its team. Comprising highly motivated individuals from diverse backgrounds and cultures, the team holds over 100 years of combined experience. Each member is an expert in areas such as environmental processes, technical aspects, legal matters and finance, enabling consistent delivery of reliable quality. It is evident in its flawless track record—no yellow flags from the law firm in the last six due diligences conducted in Chile.
AustriaEnergy’s services typically begin with securing land on long-term leases. For hydrogen projects, the standard is a 35-year lease. For wind and solar projects, the company secures a 30-year lease, with an option to renew for at least 15 years and ideally up to 30 years.
In-depth assessment of project locations is a priority for AustriaEnergy. Before securing land, it engages with indigenous groups to understand their perspectives on having a power plant in their region, closing any potential loopholes and preventing future problems with the proposed project.
Its team is stern in adhering to environmental, social and governmental (ESG) criteria to ensure each project is globally financeable and sustainable. This has led international law firms to recommend the company as a dependable point of contact for global investors interested in investing in Chile. The company’s success also stems from its expertise in detailed project development that ensures certainty and security, both sought by international financiers and investors.
Illustrating proficiency in meeting global investors’ needs, AustriaEnergy began its inaugural solar project in Chile in 2013, which prompted the Dutch petroleum company, TotalEnergies, to acquire the project. This collaboration resulted in a groundbreaking achievement—Chile’s capital city Santiago’s underground metro is now powered by renewable energy. Following this triumph, the company secured investments from a Japanese utility company and a trading house, as well as pension funds from Germany and Britain for other projects.
The company is poised to spearhead the next phase of the energy transition by moving into green hydrogen and green ammonia. Being early adopters of green hydrogen, it aims to be the first to have a utility scale hydrogen production plant operating in Chile.
Aiming for a better and sustainable environment, AustriaEnergy specializes in generating storable and distributable renewable electrical energy in harmony with nature. Demonstrating a long history of successfully completed projects, the company stands as a reliable ally for investors, financiers and companies seeking energy partners in Chile.
