The 115MW project will be located in the municipality of Til Til. Image: haru_q/Flickr
Spanish renewable energy company Elecnor announced Monday that it has won the US$117 million contract to build a solar PV project in Chile.
The project, with a total generation capacity of 115MW, will be located in the municipality of Til Til — north of Santiago in the Metropolitan Region.
The contract was awarded by Santiago Solar, whose shareholders are Andes Mining & Energy and EDF Energies Nouvelles. The installation will be financed by a group of banks led by Credit Agricole in New York.
The Til Til installation will be the first solar facility that Elecnor has developed in Chile, a country that boasts a significant presence for thirty years in a number of industries, including the electricity transmission grid, public lighting and wind farm and hydroelectric plant construction markets.