KfW IPEX-Bank to finance 123MW PV project in Chile

Facebook
Twitter
LinkedIn
Reddit
Email
 The installation is expected to be completed by the end of 2019. Image: IPEX-Bank

KfW IPEX-Bank is financing the construction and operation of the 123MW Granja PV park, located in Chile's Atacama Desert. The total investment in the project will stand at approximately US$114 million, with KfW IPEX-Bank providing a long-term loan of up to US$91 million and the related interest hedging.

The financing by KfW IPEX-Bank will help support the efforts of Spain’s Solarpack Corporación, the project’s EPC and O&M contractor. The installation is expected to be completed by the end of 2019. In addition to financing, KfW IPEX-Bank is also contributing to environmental and climate protection for the installation.

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

Power generated by the 123MW installation will be assured from 2021 until 2040 via PPAs signed with 25 regional distribution companies and the remaining energy produced will be sold on the spot market.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA