Netherlands-based independent power producer Sonnedix has secured financing of $99 million for a 171 MW solar project it wants to build in northern Chile.
According to the company, the non-recourse project financing was provided by a bank consortium led by the CAF development bank of Latin America and including Banco BICE and Banco Security.
The solar park is planned for the Pica district of the Atacama Desert and includes the construction of a 45.5 km, 220 kV voltage transmission line which will connect the project’s substation with the National Electric System at the Lagunas substation. The facility is expected to produce around 470 GWh annually.
“Closing this new project financing for our Atacama solar plant represents an important milestone for Sonnedix, and for Chile’s position as a clean energy leader, as we continue to expand our PV footprint to help the country achieve its renewable energy goals,” said Axel Thiemann, Sonnedix CEO. The company claims it has a 400 MW project development pipeline in the country.
In January, Sonnedix acquired two portfolios with a total capacity of 32 MW in Chile. The projects, which range in generation capacity from 3-9 MWac, are being developed under the country’s PMGD program for distributed generation – the Pequeños Medios de Generación Distribuida.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.