Antofagasta Minerals sells off stake in 69.5MW project in Chile to Atlas

Facebook
Twitter
LinkedIn
Reddit
Email
The 69.5MW PV project was originally owned by SunEdison and was completed in early 2015. Image: SunPower

Chilean mining company Antofagasta Minerals announced Tuesday that it has sold off its 40% stake in a PV power plant in northern Chile to Atlas Renewable Energy — a Latin American-based solar company launched in March by private equity fund Actis.

The mining company will sell off its stake in the 69.5MW Javiera Solar Park, which is located in the Antofagasta region of the country and was commissioned back in early 2015.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Antofagasta held a stake in the PV project through EnergiaAndina — a joint venture with Australia’s Origin Energy. The 69.5MW installation was originally owned by SunEdison, but is now 100% owned by Atlas.  

Carlos Barrera, Atlas’ chief executive, told Reuters:” Atlas is pleased to conclude another important acquisition to grow its footprint in Chile, with long-term contracted projects with high quality offtakers. We're looking forward to explore further growth opportunities in the region.”

Antofagasta did not disclose a price for the sale, but did note that as part of the deal, it had renegotiated the prices of the energy produced by the park.

The Javiera project signed off on an agreement in 2014 to provide power at a fixed price to Antofagasta's Los Pelambres copper mine. Power prices in the area have since dropped, making most of those long-term energy contracts unpropitious.

Antofagasta CEO Ivan Arriagada added: “This decision takes place in the context of Antofagasta Minerals reducing costs and focusing on the business that we best know — copper production.”

Read Next

October 3, 2025
Renewables developer Madison Energy Infrastructure has bought the US distributed generation assets of NextEra Energy Resources.
October 3, 2025
The US solar manufacturing industry is feeling bullish, despite the policy whiplash inflicted over the summer and the increased pressure on US solar supply chains.
Premium
October 2, 2025
Australia's solar sector delivered a strong September performance in the National Electricity Market (NEM) as the country entered spring, with combined solar PV generation reaching 3,933GWh - a 17.83% increase from August's 3,338GWh.
October 2, 2025
Spanish waste management company Trabede and energy firm Greening Group will build a solar module recycling plant in Granada, Andalusia, Spain.
Premium
October 2, 2025
PV Talk: Qcells’ CTO Danielle Merfeld discusses the imminent opening of America’s first integrated c-Si ingot-to-module factory and her belief in solar’s long-term strengths.
October 2, 2025
FRV Australia has announced the completion of its largest solar project to date, the 300MW Walla Walla Solar Farm in New South Wales.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA
Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland