Renewable energy developer Pattern Energy Group has started construction on its 122MW Conejo Solar PV project in Chile and completed around US$205 million of project financing.
The project is located around 30 kilometres east of Taltal in the Atacama Desert on public lands owned by the government of Chile, under a long-term concession. Construction is expected to be completed in the summer of 2016.
Conejo Solar has a 22-year power purchase agreement (PPA) with Minera Los Pelambres, an affiliate of Antofagasta Minerals, for roughly 65% of the project's output. The project will connect to the Sistema Interconectado Central (SIC) grid system.
Mike Garland, president and chief executive of Pattern Development, said the company was expanding into the solar market with one of the largest solar projects in Latin America.
“Solar power is an excellent fit with our wind business that allows us to leverage our extensive development expertise. In addition to our El Arrayán wind facility, the largest in Chile, we now have a strong platform and an exciting pipeline of projects for future growth in the country.
“When combined with our recent Japanese solar project additions, we are making a significant step to diversify into solar on a global basis.”