Through this transaction, the Israel-based solar company has raised the capacity of its PV plant portfolio to 39.5 MW.
The PV plant Huatacondo will be located 100 kilometers south of Pozo Almonte, in the Chilean region of Tarapacá.
The Spanish company will build three PV plants in a 50/50 joint venture with Saudi developer Swicorp. The facilities will sell power to local utility EETC under a 25-year PPA.
Through this second operation in the solar sector, the operational PV plants owned by the Italian power and gas provider have reached a combined capacity of 38.4 MW.
In an interview with pv magazine, President of the Portuguese renewable energy association Apren, António Sá da Costa, has explained why solar and renewable energy power plants selling electricity to the spot market are still unviable in the country, and has urged the government to introduce auctions.
The Japanese equipment provider also reported an increase in sales of 19.2% for fiscal year 2017. In the machinery business, the company said, all of sales of the large-scale deal were booked as planned.
State-owned Belarusian oil company Belorusneft has finalized its 55 MW solar project more than three years after the initial announcement.
The proposal for the new plan is included in the draft state budget law for 2018.
The Ukrainian Association of Renewable Energy believes that the transition to an auction scheme may be premature and recommends digressive FITs as a way to reduce burden on consumers.
The funds will be used to deploy around 25 MW of projects under the SDE+ program for large-scale solar and renewables.
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