Colbún buys over 200 MW of SunEdison solar projects in Chile

Chilean power company Colbún has agreed to purchase part of SunEdison’s pipeline in Chile, and has signed a contract for the supply of electricity for a PV project which SunEdison will construct in the nation, according to a press release (in Spanish).

The deal covers the sale of two PV projects under development and “their respective long-term power contracts”.

The larger of the two projects under development is the 145 MW Olmué Solar Park in the region of Valparaíso. This project has already received environmental approval.

The other project is the 57 MW Santa Sofía Solar Park in near Santiago, for which the environmental permit is currently being processed. A land transfer is included in the deal, which will allow the project to be expanded by 30-40 MW.

Both projects will connect to the nation’s Central Grid (SIC).

Along with sale of the projects are contracts for the supply of 350 gigawatt-hours (GWh) for a period of 15 years. Colbún says that it will be the electricity supplier.

Additionally, Colbún and SunEdison have signed a supply agreement for 200 GWh annual over a period of 15 years. Under this latter agreement SunEdison will build a 100 MW PV plant.

This project sales announcement comes only days after SunEdison announced that had begun the process of restructuring under chapter 11 bankruptcy protection in the United States.

This article was translated by Christian Roselund. For the original in Spanish, please see the pv magazine Latinoamérica website.