Perotin

Perotin asked about Enel Chile's strategy for expiring PPAs, considering recent regulated auction wins for 2026-2030, and sought more color on average PPA price levels embedded in these awards and assumptions for future recontracting. He also inquired about wind as a main growth technology, asking about regions for higher wind penetration and changing costs encouraging wind farm investments.

Answer

CFO Simone Conticelli explained that Enel Chile's sales strategy adapts to the market, viewing new regulated auctions as opportunities due to its diversified and geographically distributed production portfolio, allowing participation without high risks and at good prices. Regarding wind, Simone Conticelli clarified that BESS is the main investment focus for energy shifting, but wind technology is also interesting for its base load-like production, with plans to invest in northern Chile for new wind power plants in the later part of the plan.

Perotin asked about Enel Chile's strategy as PPAs expire, considering recent regulated auction wins, and sought insight into the future contracting strategy, average PPA price levels, and expected recontracting price ranges. He also inquired about regions likely to see higher wind penetration and if changing costs could encourage more wind farm investments.

Answer

CFO Simone Conticelli explained that the sales strategy balances free and regulated markets, leveraging Enel Chile's diversified portfolio for competitive auction participation. He clarified that BESS is the main investment focus for energy shifting, while wind technology is also interesting, with plans to invest in the north in the latter part of the plan.