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Plans by investor to develop US$450m grid-connected plant mark latest move of a series by international firms plotting solar megaprojects in high-irradiation region of Antofagasta.
Deal touted as "largest solar contract" ever signed in Brazil will support development of 330MW PV plant in southeast of country, set to power miner's nickel and iron operations.
Chile and Colombia targeted for major buildout of PV and wind, Atlas issues US$253m green bond for Chilean projects, Voltalia’s largest PV project to supply resin group.
Reden Investments Chile and Natixis have successfully closed senior facilities totaling US$96.4 million for an up-to-100MW portfolio of PV projects in Chile.
PV bids for 20-year supply deals at A-6 auction of 18 October will start at BRL209/MWh, opening up new avenue of government support for blossoming Brazilian PV scene.
Powering-up of 156MWp plant in Bahia adds further momentum to PV ecosystem in Brazil's northeast, the target of an upcoming government-sponsored auction programme.
The fund can deploy a total of US$2 billion in funding, according to the company. It will be spearheaded by Actis' head of infrastructure Glen Matsumoto.
The Sol del Desierto solar plant in Antofagasta region, set to be operational by January 2022, will help Chile transition off coal and reach its goal of being carbon neutral by 2050.