Akuo reaches financial close on solar PV portfolio in Chile

Facebook
Twitter
LinkedIn
Reddit
Email
Akuo’s Chilean solar projects are all located south of Santiago de Chile, rather than in the sunny hotbed region of Antofagasta. Image: Thomas Griggs via Unsplash.

French renewables developer Akuo Energy and managing asset company Atlantica Sustainable Infrastructure have closed the financing of a Chilean solar PV portfolio.

Construction of the nine PV power plants has also started and will have a total capacity of 80MWp, with debt financing provided by Norwegian financial entity DNB.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The portfolio is encompassed within Chile’s Pequeños Medios de Generación Distribuido (PMGD) programme. Projects within the PMGD programme have an installed capacity of up to 9MW, get automatic grid access with a no curtailment guarantee, transmission toll reductions and access to a stabilised pricing scheme.

The distributed generation programme has been crucial in the deployment of solar PV in Chile in the past years, however, a new regulation might change the interest in PMGD, as covered in a PV Tech Premium article.

Whereas the majority of solar projects are located in the region of Antofagasta – which is known for having one of the best irradiance levels globally – all nine plants are located in the south of Santiago de Chile, the capital of the country. The projects are located in the regions of Maule, Ñuble, Araucanía and Biobío.

The engineering, procurement and construction (EPC) activities for the Chilean portfolio will be performed by Italian engineering player MAIRE Group, which also acted as co-developer of the initiatives.

Martin Bocage, country manager for Chile, Argentina and Uruguay at Akuo, said: “Akuo is a committed stakeholder to Chile’s energy transition and we stick to our words. Construction is ongoing and we will soon inject electricity for the benefit of the citizens. Chile’s renewable energy strategy encourages us to continue growing and investing on this country.”

Read Next

June 26, 2025
A round-up of news from the US solar sector this week, including Akuo, Meta and RWE.
June 20, 2025
Akuo has signed a 15-year power purchase agreement (PPA) with Imerys to develop a solar power plant in Texas.
June 13, 2025
US renewables developer Invenergy has started construction of a 240MW solar PV plant in Franklin County, Ohio, US.
June 6, 2025
Independent power producer (IPP) NOA Group has reached financial close on a 349MW solar PV project in South Africa.
June 4, 2025
Independent power producer (IPP) Grenergy has acquired 1GW (298 units) of inverters from Spanish manufacturer Ingeteam for its 2GW/11GWh Oasis de Atacama solar-plus-storage project in Chile. 
May 30, 2025
Independent power producer (IPP) Aquila Clean Energy has started construction on a 52MW agrivoltaics (agriPV) project in Italy.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece