Chile is set to get another major solar power plant project. The new project will be initiated by Pattern Energy from the U.S.
The renewable energy project development company from California announced that it has begun construction of a 122MW solar photovoltaic power plant in Chile. The work began after the company secured a debt financing of US$205 million. The power plant will be situated in the Atacama Desert. The plant will be 30 kilometers away from Taltal city.
Pattern Energy has signed a power purchase agreement for 22 years with Minerva Los Pelambres for selling the electricity that will be produced in the project. Sources say that the power will be commissioned by 2016.
Multiple project developers have recently taken interest in the fast emerging Chile solar power market. Another recent undertaking was done by SunPower. The company had established plans to install a 1GW capacity solar power plant in Chile, to be built by 2020.
Marubeni and EDF Energies Nouvelles had announced in early 2015 that they would collaborate to develop a 146MW solar photovoltaic power project that was arranged in Chile. It is expected to be the one of the biggest merchant solar power plants in the world.
Pacific Solar S.A. and Greenwood Energy also stated that they will build a merchant solar power project of 80MW in the nation.
Aggressive plans have been made by SolarReserve to establish hybrid solar power projects; the company is working on two solar power projects that are concentrated to generate 120MW. A third project of 150MW solar energy will be combined with the two to create a power plant complex.