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.
Major PV single-axis tracker firm, NEXTracker has secured a major contract with Latin American renewables firm, Atlas Renewable Energy to deploy its ‘TrueCapture’ self-adjusting tracker control system across its fleet of PV power plants.
Martin Libra, Head of LATAM at Prothea, an independent advisory boutique providing advisory and asset management services in the renewable energy sector, explains the chances opening up in the Chilean wind and solar market, which can now be considered a pioneer in the grid parity trend that is currently developing in Southern Europe.
CVE Chile, a subsidiary of the Cap Vert Energie (CVE) group, has recently signed a US$45 million deal with Solarpack to buy four under development solar plants, each with a capacity of 9MW.
LATAM Airlines Group has signed an agreement to have 80% of its energy consumption in Chile powered by renewable projects of Acciona Energia from September this year.
The French independent power producer (IPP) REDEN Solar has refinanced the bulk of its domestic assets raising €270 million (US$312 million) in the process.
Chilean power company Colbún has reached an agreement with First Solar to acquire a multitude of the PV company’s assets in Chile, including a 150MW PV project.
