The Taiwanese cell producer said it will use the funds to repay existing loans and finance operations.
The solar kits will be installed in rural areas with no connection to the country’s power grid.
The projects will be developed without direct public incentives and will sell power to the spot market – an option still considered unviable by the local renewable energy sector – or through private PPAs. Meanwhile, local power provider, Axpo Iberia has agreed to buy electricity from a 28 MW solar facility planned in southern Portugal under a 10-year PPA.
The facility, which is located in the region of Coquimbo, will sell power to the Metro of the country’s capital city, Santiago under a long-term PPA.
The new rules, now published in the country’s official journal, will enable owners of PV and renewable energy power generators to sell excess power to the local distributors.
The consortium, which has received funding from the Netherlands Enterprise Agency (RVO), is formed by Waterschap Rivierland, Blue 21 BV, Hakkers BV and TU Delft.
The European Bank for Reconstruction and Development (EBRD) and the country’s Ministry of Energy are now seeking consultants for the implementation of the competitive bidding process.
The research shows that films used in organic cells, which are produced more slowly with additives, generally perform better than the more rapidly formed films.
The Dutch-British oil giant will build a 20 MW solar facility at its Moerdijk chemicals site. The project is part of the group’s strategy to install solar facilities at its own operations.
The Finnish financial services provider will also participate in the construction of the solar park alongside the majority shareholder, UAE-based solar developer, Masdar.
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