Pattern has secured project financing from an unidentified source for its 122 MW Conejo Solar project, located around 30 km east of Taltal in Chile's Atacama Desert on public, government-owned land.
Construction is scheduled for completion in the summer of 2016, and a 22 year PPA has been signed with Minera Los Pelambres, an affiliate of Antofagasta Minerals, for around 65% of the project's output. It will be connected to Chiles Sistema Interconectado Central (SIC) transmission system.
"We are expanding into the solar power market with one of the largest solar projects in Latin America," stated Mike Garland, president and CEO of Pattern Development. "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," he added.
pv magazine has contacted Pattern for more details on its solar PV pipeline.
GTM Research's latest figures for solar development in Latin America, indicate that Chile saw just 29 MW installed in Q2 2015. Despite this, it is still the region leader, with 1 GW of new installations expected this year.
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