Deals Counterparts

Copec to build six new electroterminals in Santiago, Chile, for 559 electric buses

Development EV Charging announced Chile Mar 2, 2026

Copec announced the award of six new electroterminals in Santiago, Chile, to energize 559 electric buses for the RED system, with operations expected to start in the second half of 2026.

Deal Analysis

Copec has been awarded the development of six new electroterminals in Santiago, Chile, designed to energize 559 electric buses for the city's RED public transport system. This development-type deal, announced on March 2, 2026, signifies a substantial investment in electric vehicle (EV) charging infrastructure, with operations anticipated to commence in the second half of 2026. The project underscores a forward-looking commitment to sustainable urban mobility in the region. The strategic importance of this deal is rooted in its contribution to the electrification of public transport in Santiago. Copec, acting as the developer, is partnering with the Directorio de Transporte Público Metropolitano (DTPM) to build critical infrastructure for a significant fleet of electric buses. While the financial value of the deal has not been disclosed, the scale of supporting 559 electric buses highlights its considerable impact on the EV charging sector and the broader energy transition in Chile. This initiative positions Copec as a key enabler in the expansion of electric public transport, facilitating the transition away from fossil fuels for a large urban fleet. The project's announced status and future operational timeline indicate a planned and strategic build-out of essential infrastructure to meet the growing demands of electric mobility.
  • Development of six new electroterminals for 559 electric buses.
  • Key players: Copec (developer) and Directorio de Transporte Público Metropolitano (DTPM) (partner).
  • Focus on EV charging infrastructure for public transport in Santiago, Chile.
  • Announced development with operations expected to start in H2 2026.

Timeline

Announced
Mar 2, 2026
Signed
Closed