Sonnedix, Solarpack projects hit milestones in Chile’s Atacama

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Minister Jiménez (first from the right) recently visited Solarpack's 123MW La Granja in Atacama (Credit: Solarpack)

Sonnedix is amongst the developers making recent strides with Chilean projects, reaching financial close for a utility-scale scheme in the Atacama Desert.

The IPP’s 171MW Atacama Solar project will be backed with US$99 million in non-recourse project finance, a package finalised in recent days.

Funding from Latin American development bank CAF as well as Banco BICE and Banco Security will support the project in the Pica district, billed as Chile’s second PV largest to date.

Since entering Chile in 2015, Sonnedix has grown to develop and operate a 400MW PV pipeline. The IPP, active in part through a stake it owns in Cox Energy Chile, is set next year to start building a 138MW project it bought last July near the capital Santiago.

Ministerial backing for Solarpack’s 123MW

Solarpack is another player to have marked recent milestones in Chile, a country where IRENA found PV capacity doubled between 2016 (1.12GW) and 2018 (2.13GW).

Chilean Energy minister Susana Jiménez was among those attending the recent ground-breaking ceremony of Solarpack’s La Granja, also in Atacama.

The first panels of the 123MW plant were laid out at a site in the Tarapacá Region, where the scheme is scheduled to go operational by the end of the year.

The project, set to supply Chilean distributors under a 25-year PPA, will require US$114 million in funding; up to US$91 million will come from KfW IPEX-Bank.

Having expanded to Chile in 2008, Solarpack has since developed various projects for mining firms and sold a 45MW pipeline to a Cap Vert Energie subsidiary.

Read Next

February 26, 2021
Spanish developer Solarpack has updated its guidance to have between 1.8GW and 2GW of solar in operation and under construction by 2023.
February 25, 2021
The Global Wind Energy Council (GWEC) and Global Solar Council (GSC) have called on Mexican lawmakers to prevent changes to the country’s Electricity Act, Ley de la Industria Electrica (LIE), which pose what they call “an unequivocal threat" to private investment in clean energy.
February 23, 2021
Mytilineos is looking to transfer its global experience of solar and storage project development to help decarbonise the Greek electrical system and hit 3GW of PV capacity by 2030.
February 19, 2021
Green energy group Mainstream Renewable Power and Norway’s Acker Clean Hydrogen have signed a letter of intent to explore the development of green hydrogen and producing ammonia in Chile.
February 16, 2021
India’s renewables sector will need to garner investments of around US$500 billion in order to meet its target of 450GW of clean energy capacity by the end of the decade.
February 10, 2021
Australian investment group Macquarie has exceeded its latest wind and solar project fundraising target by €600 million (US$727.44 million).

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
May 11, 2021