Solek Group to finance 70MW PV pipeline in Chile

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Net proceeds from the bond will be used to finance the PV projects, which will be developed in Northern Chile. Image: Oregon Department of Transportation / Flickr

Czech solar company Solek Group announced this week that it plans to issue public bonds worth roughly US$19.9 million — which the company will use to finance part of a 70MW solar portfolio in Chile.

The bond, titled SOLEK HO. 6,20/2022, will be issued by Solek subsidiary Solek Holding SE and will feature a fixed interest rate of 6.2% annually — with maturity of the bond set for 2022. Terms of the issue were approved this week by the Czech National Bank.  

Net proceeds from the bond will be used to finance the PV projects, which will be developed in Northern Chile. The issue prospectus lists a total of 12 PV projects that will boast a total generation capacity of 70MW.

Zdeněk Sobotka, Solek Group owner, said: With optimal natural conditions, a stable economy and constantly, increasing demand for electricity in Chile is one of the best locations where you can invest in the photovoltaic industry.”

Read Next

May 24, 2022
Energy independence strategies and emerging technologies such as floating solar are helping bolster renewables investment across Europe.
May 12, 2022
Power conversion technology provider Ampt has delivered 240MW of string optimisers to the “largest solar-plus-storage plant” in Latin America according to Ampt.
April 11, 2022
Chilean PV developer Verano Energy has acquired 15 solar projects in Chile totally 116MW for an undisclosed amount, bringing its total project pipeline in the country to over 1.5GW.
March 23, 2022
Latin America-focused solar developer Atlas Renewable Energy has started operations at a 244MWp solar PV plant in Antofagasta, Chile. that will generate 714GWh annually.
February 14, 2022
Developer Solek Group is to develop, build and sell up to 200MW of solar in Chile to BlackRock’s Global Renewable Power Fund III (GRP III) following the signing of a new framework agreement.
January 6, 2022
Chile has published details of its latest power auction, set to take place later this year and contract 5,250GWh per annum for 15 years.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA